U.S. stock-index futures traded little changed on Friday heading into a long holiday weekend and ahead of the monthly employment report from the Labor Department at 8:30 a.m. Eastern Time that could show roughly 700,000 jobs were created last month, as the economy bounces back from COVID.
How are benchmarks trading? On Thursday, the S&P 500 SPX, +0.52% marked its sixth record close in succession and its 34th of 2021, advancing 22.44 points, or 0.5%, ending at 4,319.94; the Dow DJIA, +0.38% rose 131.02 points, or 0.4%, to close at 34,633.53, within striking distance of its record close at 34,777.76 hit on May 7. The Nasdaq Composite Index COMP, +0.13% gained 18.42 points, or 0.1%, finishing at 14,522.38.
“All eyes today turn to the US jobs report, the monthly nonfarm payrolls,” wrote Neil Wilson, chief market analyst at Markets.com, in a daily note. Despite evidence that inflation is heating up in the recovery from the pandemic, the jobs recovery hasn’t instilled confidence in market participants and it could prove a big catalyst for investors Friday.
The labor-force participation rate, reflecting the share of able-bodied people 16 or older who were in the labor force, stood at 61.6% in May—the same as it was last October. Outside of jobs, investors will be looking for a report on international trade in goods and services for May also due at 8:30 a.m., with a deficit of $71.2 billion expected, compared with a $68.9 billion deficit in April.
Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: LDNfashion - 🏆 157. / 63 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »