U.S. stock index futures fell on Friday as the selloff in SVB Financial shares extended into premarket trading, while investors awaited a key jobs report for more clues on the Federal Reserve's monetary policy path.
Traders' bets currently are split nearly equally between the odds of a 25 bps and a 50 bps rate hike at the Fed's March meeting, with rates seen peaking at 5.48% in July. .
After a sharp rise in jobless claims last week raised hopes of the Fed likely softening its policy stance, all eyes are now on the non-farm payrolls data due at 8:30 am ET, which is expected to showThe reading is likely toby 205,000 jobs in February, less than half of the eye-popping 517,000 additions in January. The unemployment rate is forecast to stay unchanged at 3.4%, the lowest since May 1969.
"The strength of the January jobs data came as a surprise to markets," said Mark Haefele Chief Investment Officer, UBS Global Wealth Management in a note. "While an upside surprise of this magnitude looks unlikely, the February report could remain too strong for comfort, from the Fed’s perspective." At 5:35 a.m. ET, Dow e-minis were down 127 points, or 0.39%, S&P 500 e-minis were down 11.75 points, or 0.3%, and Nasdaq 100 e-minis were down 4.5 points, or 0.04%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
SVB Financial stock slides 42% premarket as fears of a potential run on the bank continueSVB Financial Group the parent of Silicon Valley Bank, saw its stock tumble more than 42% in premarket trade Friday, in a continued response to reports late...
Les mer »
Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and moreStocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber & more
Les mer »
Bank carnage drags stocks lower as SVB Financial shares plungeA brutal day for banks drags down stocks on Thursday.
Les mer »
Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and moreThese are the stocks posting the largest moves in postmarket trading.
Les mer »
U.S. stock futures dip as attention turns to Friday's jobs reportWall St. to open in the red as concerns that higher interest rates to combat inflation will cause an economic contraction continued to damp risk appetite.
Les mer »
SVB stock price crashes 60% after bond firesale spurs lossesSVB plummets 38% after higher interest rates spark billions in losses on a $21 billion bond portfolio
Les mer »