Updated from 6:58 a.m. EDTPremarket futures were suggesting a gloomy open for stocks in New York Thursday, after the Senate passed a $700 billion financial-sector bailout package and as the latest weekly labor data revealed an uptick in unemployment. Futures for the S&P 500 were down 15 points at 1153 and were 12 points ahead of fair value. Nasdaq futures were down 19 points to 1574 and were 15 points below fair value. Stocks traded erratically Wednesday as traders awaited passage of the bill and took in a heap of data that pointed to a softening economy. After the close of trading, the Senate passed the legislation with a 74-25 vote. The House of Representatives had rejected an earlier version of the proposal on Monday, and the stock market responded with one of its worst performances in recent memory. In an attempt at offering additional support to the stock market, the Securities and Exchange Commission extended through Oct. 17 a ban on short sales of financial stocks. The original ban had been slated to expire today. Meanwhile, Swiss bank UBS ( UBS) announced it would net a small third-quarter profit. Such an achievement would break a four-quarter losing streak for UBS. Bank of America ( BAC), which agreed on Sept. 14 to buy Merrill Lynch ( MER), said Merrill Chairman and CEO John Thain will join BofA as president of global banking, securities and wealth management in the combined firm. Current president of global corporate and investment banking Brian Moynihan at BofA will remain in a newly created position, the company said.