News Formal

Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market data

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

US Stock Futures News

Market Data

Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.

US stock futures turned lower on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest-rate cut hopes and the health of the US economy.Private employers in the US posted their smallest monthly hiring growth since January 2021, new data from ADP showed Thursday. Private payrolls grew by about 99,000, well below expectations. Meanwhile, slightly fewer Americans filed a new claim for unemployment benefits last week.

Traders now see an almost 50-50 chance the Federal Reserve will lower rates by 0.5% at its September meeting.Jenna Ortega is Hollywood's newest A-list scream queenLAS VEGAS – Kyle Nelson hopes he will cross paths with Calvin Kattar again down the line. But for now, he's focused on Steve Garcia. After stringing together three consecutive victories in the featherweight division, Nelson was positioned for a big…Metalex Ventures Ltd.

Intoxicating ocean views and cascading sunshine at a seaside villa welcome audiences into Durga Chew-Bose’s feature directorial debut, “Bonjour Tristesse.” The beauty creates a too-good-to-be-true environment — the perfect setting for summer romance, youthful exploration and, also, somehow, something dark and unnerving. “Bonjour Tristesse” premieres Sept.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slump as Nvidia struggles ahead of earningsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »