Equity futures were moving lower, following the worst day for the Dow and Nasdaq in more than two years.
U.S. stock futures wobbled ahead of important nonfarm payroll data on Friday, and after a frantic day of selling on Wall Street, driven by investor concerns over the Federal Reserve’s ability to get inflation under control.
What’s driving markets? Investors will turn their attention to jobs data, with April nonfarm payrolls expected to show a gain of 400,000, from a 431,000 rise in the prior month, according to a survey of economists from Dow Jones and the Wall Street Journal. Chris Weston, head of research at Pepperstone, said the inflationary component of payrolls — average hourly earnings — could be an even bigger market mover than the jobs numbers themselves.
Major indexes are set to end the week largely unchanged, which belies volatile action seen in recent days. Stocks surged Wednesday after as-expected Federal Reserve tightening, and perceptions that the central bank may be less hawkish than perceived. But those gains reversed, and then some on Thursday.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
As Dow sinks over 1,000 points, signs of panic-selling emerge in the stock marketPanic-like behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s gain, and then some.
Les mer »
Homeowner equity will prevent another foreclosure waveInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Actors’ Equity Expands ‘Waitress’ Unionizing Fight to Entire Broadway Touring Industry (Exclusive)'They should all be union,' said Actors’ Equity executive director Alvin Vincent, Jr. as the guild takes a closer look at the relationship between the Broadway producers and non-union touring producers.
Les mer »
Companies Like Amazon Claim to Support Gender Equity But Give Millions to Anti-Abortion GroupsDespite claiming to support abortion and reproductive freedom, corporations are donating millions of dollars to conservative groups that oppose abortion.
Les mer »
The Fed Still Isn’t the Stock Market’s FriendHeard on the Street: It has been a rough year so far for the stock market. Unfortunately for investors, the Fed probably doesn’t feel their pain.
Les mer »
Asian Stock Market: China rallies after holiday mood, Fed’s policy triggers the risk-on impulseMarkets in the Asian domain are gaining sharply higher as risk-on impulse got triggered after the Federal Reserve (Fed) announced May’s monetary polic
Les mer »