Early signs from the U.S. Futures Index suggest that Wall Street might open broadly lower on Friday. The monthly job reports might be the major announcement on Friday.
As of 7.55 am ET, the Dow futures were adding 23.00 points, the S&P 500 futures were down 10.00 points and the Nasdaq 100 futures were sliding 52.00 points.
Asian shares finished lower, while European shares are trading mixed.
The U.S. major averages finished lower on Thursday. The tech-heavy Nasdaq edged down 10.80 points or 0.1 percent to 19,478.87, the Dow rose 106.84 points or 0.3 percent to 42,635.20 and the S&P 500 crept up 9.22 points or 0.2 percent to 5,918.25.
On the economic front, the Fed Balance Sheet will be issued at 4.30 pm ET.
The Baker Hughes Rig Count for the week will be released at 1.00 pm ET. In the prior week, the North America Rig count was 683 and the U.S. rig count was 589.
The consumer sentiment for January is scheduled at 10.00 am ET. The consensus is for 74.5, while it was 74.0 in the prior month.
The Employment Situation for December will be published at 8.30 am ET. The consensus if 157,00, while it was up 227,000 in the prior month.
Asian stocks finished lower on Friday. Chinese markets fell. The benchmark Shanghai Composite tumbled 1.33 percent to 3,168.52. Hong Kong’s Hang Seng index dropped 0.92 percent to 19,064.29.
Australian markets ended lower. The benchmark S&P/ASX 200 fell 0.42 percent to 8,294.10 even as weaker-than-expected domestic retail sales data spurred bets on a rate cut as early as next month.
Business News
Wall Street Might Open Broadly Lower
2025-01-10 13:16:05
