Futures Set to Trade Ahead of Jobs Data, Tech Earnings

Dow Jones
4小時前

Stock futures are set to begin trading later on Sunday ahead of fresh labor market data and another week of tech earnings.

Wall Street expects nonfarm payrolls to rise 58,000 in August after a 23,000 decline in July. The unemployment rate is expected to remain unchanged at 4.1%.

The data come a week after Fed Chair Kevin Warsh delivered hawkish remarks at a conference in Jackson Hole, Wyo., Warsh reiterated the Fed's commitment to an inflation target of 2%, as measured by the personal consumption expenditures index. The odds of a interest-rate hike at the Fed's mid-September monetary-policy meeting jumped to 57% from 35% right before the speech.

This week also features tech earnings, including Nvidia rival Broadcom on Wednesday, plus reports from Dell and Hewlett Packard Enterprise.

Oil prices remained steady at the end of the week, with the Brent crude contract hovering around $88 a barrel. Late Friday, President Donald Trump unveiled a U.S. deal to secure 65 billion barrels of Venezuelan crude.

On Sunday, Trump said in a social media post that one of the things he would do with Venezuelan oil is refill the Strategic Petroleum Reserve, which earlier this month dropped below 300 million barrels.

Futures begin trading at 6 p.m. Eastern time.

 

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