Investor Sentiment Recovers From Post-Jobs Report Losses, Driving Premarket Gains for US Equity Futures

MT Newswires Live
04 Aug

US equity futures were higher pre-bell Monday, rebounding from losses in the previous session fueled by Friday's soft jobs report.

Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.8% higher.

Major equity benchmarks closed lower Friday after data from the Bureau of Labor Statistics showed total nonfarm payrolls rose by 73,000 in July, well below estimates compiled by Bloomberg for a 104,000 increase.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.7% at $68.53 per barrel and US West Texas Intermediate crude 1.9% lower at $66.07 per barrel.

The US factory orders bulletin, scheduled for release at 10 am ET, is expected to show a 4.9% decrease in orders for June following an 8.2% increase in the previous month.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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