Finance

Stock futures are flat in overnight trading with all eyes on July jobs report

0


Futures tied to major U.S. equity averages held steady in overnight trading on Thursday as investors awaited a key monthly jobs report.

Dow Jones Industrial Average futures dipped about 30 points. The S&P 500 and the Nasdaq 100 futures were little changed.

It’s widely expected that the labor market’s rebound has slowed down amid a spike in coronavirus cases across the U.S. Economists predicted that the economy gained 1.48 million jobs in July, down sharply from the 4.8 million in June, according to Dow Jones. The jobless rate is expected to dip to 10.6% in July from 11.1%.

The jobs report is due at 8:30 a.m ET Friday.

“Tomorrow’s employment report should provide a little more clarity on…



Source cnbc.com

Uber earnings Q2 2020

Previous article

The ballooning money supply may be the key to unlocking inflation in the U.S.

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance