Magical Trade
Saturday, January 28, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Stock futures are flat ahead of October jobs report

by
November 5, 2021
in Trade News
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs

New ‘PELOSI’ bill may have a spiteful name — but there’s still ‘tremendous momentum’ in the crusade to stop politicians from insider trading. Here’s why

A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021.

Brendan McDermid | Reuters

Stock futures were flat in overnight trading Thursday ahead of the highly anticipated October jobs report.

Futures on the Dow Jones Industrial Average shed 8 points. S&P 500 futures were near the flatline and Nasdaq 100 futures were little changed.

Investors are awaiting the release of October nonfarm payroll numbers Friday morning. Consensus estimates call for 450,000 jobs added, according to Dow Jones. September’s report tallied 194,000 additional jobs, far short of the 500,000 estimate.

“Tomorrow’s Payrolls numbers become even more significant, as it is the first full month of hiring following the expiration of federal enhanced unemployment benefits, while public health has simultaneously improved and labor demand has remained strong,” Goldman Sachs’ Chris Hussey said Thursday.

Thursday’s regular trading session saw the S&P 500 gain 0.4% to close at a record high in its sixth-straight winning day. The Nasdaq Composite notched its ninth consecutive positive session, rising 0.8% to a record close. The Dow bucked the trend and dipped 33.35 points.

The technology sector led the S&P 500, up 1.5% Thursday. Financials lagged with a 1.3% loss.

Market participants digested the Federal Reserve’s plan to begin tapering its pandemic aid by the end of November, putting the central bank on track to end its asset purchase program by the middle of next year.

Investors also received a fresh labor market reading Thursday as first-time jobless claims totaled 269,000 last week, the lowest pandemic-era total and lower than expected.

All three major averages are on track to end the week higher. The Dow is up 0.9% on the week, while the S&P 500 is 1.6% higher and the Nasdaq Composite is up 2.9%.

ShareTweetPin

Related Posts

Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs

by
January 28, 2023
0

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart has rolled out a new look at five flagship...

New ‘PELOSI’ bill may have a spiteful name — but there’s still ‘tremendous momentum’ in the crusade to stop politicians from insider trading. Here’s why

by
January 28, 2023
0

S&P 500 4,070.56 +10.13(+0.25%)   Dow 30 33,978.08 +28.67(+0.08%)   Nasdaq 11,621.71 +109.30(+0.95%)   Russell 2000 1,911.46 +8.39(+0.44%)   Crude...

U.S. unemployment system still plagued by delays 3 years after pandemic-era downturn

by
January 28, 2023
0

People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick...

Here comes the biggest week of earnings. Plus an AI ode to the Dow

by
January 28, 2023
0

Jobs. Fed decision. Earnings galore. The week ahead has it all. First, the fourth-quarter reports. While only six companies in...

Bank of America reveals its top stocks ahead of earnings, including a favorite solar name

by
January 28, 2023
0

There still are plenty of stock-buying opportunities as earnings reports continue to roll out, according to Bank of America analysts....

Next Post

Friday: Employment Report

Shares of China properties listed in Hong Kong fall, as Kaisa and its units are suspended

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Cut Your Retirement Spending Now, Says Creator of the 4% Rule

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net