Market Overview

A Peek Into The Markets: US Stock Futures Tumble, Jobs Data In Focus

Share:
A Peek Into The Markets: US Stock Futures Tumble, Jobs Data In Focus
Related SPY
US, China Announce New Tariffs: Wall Street Reacts
This Bull Is Old, But It's Not Dead Yet
The Negativity In The Air Is Getting Crazier By The Week (Seeking Alpha)
Related DIA
A Peek Into The Markets: US Stock Futures Rise Ahead Of Economic Reports
A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data, Fed Speakers
The Negativity In The Air Is Getting Crazier By The Week (Seeking Alpha)

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak in Chicago at 10:30 a.m. ET, while Federal Reserve Chairman Jerome Powell will speak in Chicago at 1:30 p.m. ET. San Francisco Federal Reserve Bank President John Williams is set to speak in Santa Rosa, California at 4:00 p.m. ET.

Futures for the Dow Jones Industrial Average fell 231 points to 24,237.00, while the Standard & Poor’s 500 index futures dropped 22 points to 2,639.00. Futures for the Nasdaq 100 index declined 68.50 points to 6,531.50.

Oil prices traded lower as Brent crude futures fell 0.72 percent to trade at $67.84 per barrel, while US WTI crude futures fell 0.87 percent to trade at $62.99 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

 

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.47 percent, STOXX Europe 600 Index dropping 0.41 percent and German DAX 30 index falling 0.66 percent. The UK's FTSE index was trading lower by 0.20 percent, while French CAC 40 Index declined 0.43 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.36 percent, Hong Kong’s Hang Seng Index climbed 1.11 percent, China’s Shanghai Composite Index fell 0.17 percent and India’s BSE Sensex rose 0.09 percent.

Broker Recommendation

Analysts at Mizuho upgraded Valeant Pharmaceuticals International, Inc. (NYSE: VRX) from Underperform to Neutral.

Valeant shares rose 0.44 percent to $15.86 in pre-market trading.

Breaking news

  • Pricesmart, Inc. (NASDAQ: PSMT) reported stronger-than-expected results for its second quarter on Thursday.
  • Codexis, Inc. (NASDAQ: CDXS) reported a proposed common stock offering.
  • WD-40 Company (NASDAQ: WDFC) reported upbeat earnings for its second quarter, while sales missed estimates.
  • Ethan Allen Interiors Inc. (NYSE: ETH) issued weak sales guidance for the third quarter.

Posted-In: A Peek Into The Markets mizuhoNews Eurozone Futures Global Pre-Market Outlook Markets

 

Related Articles (DIA + CDXS)

View Comments and Join the Discussion!

Tech Strategist: Twitter Is The Main Beneficiary Of Facebook's Privacy Scandal

34 Biggest Movers From Yesterday