Stock futures stronger ahead of payrolls report
U.S. stock-index futures on Friday were drifting higher ahead of an important report on jobs that could help investors gauge the health of the labor market and the domestic economy in its 11th year of expansion. However, progress toward a partial tariff resolution between the U.S. and China remains a key point of focus for market participants, as a deadline that will see import duties increased in mid December looms.
All three indexes will still close the week lower: the Dow is on track to decline 1.3%, the S&P 500 is poised for a 0.7% skid, and the Nasdaq Composite will see a decline of 1.1%, as of Thursday’s close. The jobless rate is likely to cling to 3.6%, just a tick above the postrecession low, while economists predict a 0.3% increase in hourly pay in November, leaving the increase over the past year at a decent if unspectacular 3%.
That may be taken as a positive sign for trade discussion toward a partial trade pact after the Wall Street Journal reported earlier in the week that the value of the farm goods China will buy from the U.S. is still an issue, as trade representatives in China are still pushing for a phaseout of earlier tariffs.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dow jumps 200 points amid renewed optimism over U.S.-China trade talksU.S. stocks open higher Wednesday morning as investors take cheer from a report that Beijing and Washington are still working toward a phase one trade deal,...
Consulte Mais informação »
What Our Readers Bought on Black Friday and Cyber MondayIt was mostly Instant Pots, to be honest!
Consulte Mais informação »
GoPro shares jump after 'crushing' Black Friday and Cyber Monday sales, boosted by new productsDuring Black Friday and Cyber Monday, GoPro's total camera sales surged 120% year-over-year in the time between the two shopping days. The Hero8, which was launched in October, accounted for 90% of that growth, the company said.
Consulte Mais informação »
Italian newspaper faces backlash for 'disturbing' 'Black Friday' headline'Corriere dello Sport' published the headline under pictures of Inter Milan striker Romelu Lukaku and Roma defender Chris Smalling.
Consulte Mais informação »
Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for FridayInvestors will digest a big jobs report, consumer sentiment data and an interview with Larry Kudlow on Friday.
Consulte Mais informação »