May 14 (Bloomberg) -- U.S. stock futures fell as a bigger- than-estimated increase in jobless claims spurred concern that rising unemployment will thwart an economic recovery. European shares and oil declined, while Treasuries rallied.
The Standard & Poor’s 500 Index, which climbed to a four- month high last week, was poised to decline for a fourth straight day after first-time claims for unemployment benefits advanced to 637,000 last week, 27,000 more than estimated by economists in a survey. Bank of America Corp., Citigroup Inc. and Wal-Mart Stores Inc. led declines in Dow Jones Industrial Average companies.
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