Stock market today: Asian stocks are mixed ahead of key U.S. jobs data

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Asian stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day. U.S. futures and oil prices rose. Japan’s household spending grew for the first time since February 2023. The S&P 500 ended just barely lower Thursday, a day after setting a record high for the 25th time this year.

An electronic stock board shows Japan’s Nikkei 225 index outside a securities firm Friday, June 7, 2024 in Tokyo. A cyclist moves past an electronic stock board showing Japan’s Nikkei 225 index outside a securities firm Friday, June 7, 2024 in Tokyo. People move past an electronic stock board showing Japan’s stock prices outside a securities firm Friday, June 7, 2024 in Tokyo.

Stock for another retailer, Five Below, fell 10.6%. Its profit and revenue last quarter fell short of analysts’ expectations, and CEO Joel Anderson said struggles for the company’s core lower-income customers dragged on results, even as it saw strong growth from higher-income customers. Another factor that’s helped U.S. consumer spending stay so strong has been a remarkably solid job market. A report on Thursday showed some potential softening there as well.

 

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