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US Futures Mixed Ahead of August Jobs Report Many Expect Will Show a Rebound in Hiring
Economists expect 53,000 jobs added and a 4.1% unemployment rate, while traders also watched sharp after-hours moves in earnings reports.
- On Friday, U.S. stock futures remained mixed as traders awaited the August payrolls report, a key indicator for potential Federal Reserve interest rate adjustments.
- Economists polled by Dow Jones expect 53,000 nonfarm payrolls were added last month, with an expected unemployment rate of 4.1% following a 23,000-job loss in July.
- Federal Reserve Governor Christopher Waller said he would be "inclined" to support holding rates at their current target range of 3.5% to 3.75% at the central bank's Sept. 15-16 meeting.
- Lululemon Athletica slid more than 20% on a glum forecast, while Docusign jumped more than 4% after beating second-quarter earnings expectations.
- The six-month war with Iran has disrupted the Strait of Hormuz, pushing diesel to an all-time high of $5.85 a gallon and exacerbating inflation pressures.
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14 Articles
14 Articles
Nasdaq-100 futures led modest gains Friday morning as economists expected 53,000 jobs added last month
·New York, United States
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
Factuality
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