Traders work on the trading floor of the New York Stock Exchange (NYSE) on November 22, 2024 in New York City, the United States.
Brendan McDermid | Reuters
Stock index futures were near flat on Friday morning as investors awaited key nonfarm payrolls data.
Futures and Dow Jones Industrial Average It fell 42 points, or 0.1%. S&P 500 Index Futures fell 0.08%, while Nasdaq 100 Futures It’s flat.
Published by many companies Strong quarterly results After the close, their shares soared. ultimate beauty Up 12% after release higher than expected Fiscal third quarter earnings and revenue. GitLab and file signature Quarterly results rose 7% and 14% respectively.
Investors are now looking to Friday’s jobs report, which is expected to provide a clearer picture of the health of the domestic labor market and influence the Federal Reserve’s interest rate decision at its Dec. 17-18 policy meeting. Economists surveyed by Dow Jones expected Nonfarm employment November saw an increase of 214,000 people, which would be a significant increase from October when only 12,000 people were added.
Charlie Ripley, senior investment strategist at Allianz Investment Management, said, “With the market expecting a strong rebound in non-farm payrolls, if the data exceeds expectations, it may force the Fed to reconsider. The pace of interest rate cuts next year.
Given the continued strength of the U.S. economy, Federal Reserve Chairman Powell Policymakers have previously stated There is no need to “rush to lower interest rates.”
Stocks closed lower on Thursday, retreat from record The major averages hit levels in the previous session. So far this week, S&P 500 Index Up 0.7%, tech stocks gain Nasdaq Index has risen 2.5%. 30 stocks Dow Chemical It fell 0.3% during the period.
