Investor Sentiment Sours on Record October Layoffs, Fueling Premarket Losses for US Equity Futures

MT Newswires Live
11/07

US equity futures were down ahead of Friday's opening bell, with Wall Street poised to extend losses after record October layoffs.

Dow Jones Industrial Average futures were down 0.3%, S&P 500 futures were 0.4% lower, and Nasdaq futures were down 0.6%.

Challenger, Gray & Christmas reported Thursday that firms planned to cut 153,074 jobs in October, the worst for the month since 2003, up from 55,597 a year ago, fueling losses for major equity indices.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $63.78 per barrel and US West Texas Intermediate crude 0.7% higher at $59.85 per barrel.

The federal agency bulletin on nonfarm payrolls is suspended.

The University of Michigan's Consumer Sentiment Index, due at 10 am ET, is seen coming in at 53.0 for the November flash, down from 53.6 in October, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 1.2% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.8%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.

In equities, Globus Medical (GMED) shares were 29% higher pre-bell, a day after the company reported higher Q3 non-GAAP earnings and sales.

On the losing side, Opendoor Technologies (OPEN) stock was down 23% after the company reported late Thursday a wider Q3 net loss and lower revenue.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10