Advertisment
S&P 500 futures fell on Friday as investors look to Friday’s key jobs report for further clues about the state of the U.S. economy.
Futures for the Dow Jones Industrials took a header of 129 points, or 0.3% to 40,700.
Futures for the broader market dished off 26.75 points, or 0.5%, at 5,485.50.
Futures for the NASDAQ slid 172.75 points, or 0.9%, to 18,790.75.
Broadcom dropped more than 7% after forecasting fiscal fourth-quarter revenue just shy of analysts’ estimates.
Despite concerns stemming from the recent labour data, markets remain optimistic that the Fed will begin lowering interest rates by at least a quarter-percentage point at the conclusion of the September policy meeting.
Stocks head into Friday’s report on track for a losing week. The S&P 500 is so far lower 2.6%, and NASDAQ is down 3.3%. The 30-stock Dow is down 1.9% this week.
In Japan, the Nikkei 225 sagged 0.7% Friday, while in Hong Kong, the markets were closed for a typhoon warning.
Oil prices gathered 59 cents to $69.74 U.S. a barrel.
Gold prices hiked $2.50 to 2,545.60
