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PT SOoStock Futures are Higher ahead of August Payrolls Report

08:18 01 September in Market, SOLID GOLD BERJANGKA | SOLID GROUP
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Stock futures were higher Friday morning as investors came off a mixed trading session and closed out a month that saw losses for all three stock indexes.

Futures tied to the Dow Jones Industrial Average added 87 points, or 0.25%. S&P 500 futures rose 0.24%, while Nasdaq 100 futures inched up by 0.13%.

Database software maker MongoDB and Dell Technologies advanced 4% and 7%, respectively, in extended trading on the back of stronger-than-expected earnings reports. Shares of athletic apparel retailer Lululemon Athletica added 1% after crushing Wall Street’s estimates.

Traders on Thursday sifted through new U.S. inflation data that showed cooling price increases. Core personal consumption expenditures, which are closely watched by the Federal Reserve for an indicator of inflation, increased 0.2% month over month in July and 4.2% year over year, matching estimates from economists polled by Dow Jones.

Investors now await non-farm payroll data due Friday morning. Economists polled by Dow Jones forecast 170,000 additions. Traders are holding onto hope that the report will indicate that the economy is slowing meaningfully, and ultimately give the central bank reason to pause benchmark interest rate hikes.

Source : CNBC

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