U.S. Market Futures Lower as Investors Await Labor Market Data

U.S. stock futures are pointing lower in pre-market trading for Wednesday, October 5. The Dow Futures are at 18077.0 for a loss of -15.00 points. The S&P 500 Futures are at 2144.0 for a loss of -0.75 points. The Nasdaq Futures are at 4856.25 for a loss of -1.25 points. The Russell Futures are at 1237.0 for a loss of -0.30 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16819.24 for a gain of 83.59 points or 0.50 percent. Hong Kong’s Hang Seng Index is at 23788.31 for a gain of 98.87 points or 0.42 percent. China’s Shanghai Composite is at 3004.70 for a gain of 6.22 points or 0.21 percent. India’s S&P BSE Sensex is at 28220.98 for a loss of -113.57 points or -0.40 percent. In Europe, the FTSE 100 is at 7033.34 for a loss of -41.00 points or -0.58 percent. Germany’s DAX is at 10547.52 for a loss of -72.09 points or -0.68 percent. France’s CAC 40 is at 4471.51 for a loss of -31.58 points or -0.70 percent. The Stoxx Europe 600 is at 342.83 for a loss of -3.27 points or -0.94 percent.

Wednesday’s Factors and Events

U.S. market futures are lower in pre-market trading as investors await labor market data. On Wednesday, ADP will release its private sector jobs report followed by the Bureau of Labor Statistics’ employment report on Friday.

Also on the economic calendar for Wednesday are the following reports: MBA Mortgage Applications, International Trade, the ISM Non-Manufacturing Index, the PMI Services Index, Factory Orders and the EIA Petroleum Status Report. Jeffrey Lacker and Neel Kashkari from the Federal Reserve will also be speaking on Wednesday.

Stocks trading actively in the pre-market include the following:

Transocean

Darden Restaurants

TransDigm Group

AES Corp

Boston Properties

Valero Energy

Northern Trust

Akamai Technologies

Salesforce.com

In the broad market, investors will also be watching the pound as it falls against the dollar from Brexit affects. Companies reporting earnings on Wednesday include Monsanto, Constellation Brands and Yum Brands.

Tuesday’s Activity

U.S. market indexes were lower Tuesday. For the day the Dow Jones Industrial Average closed at 18168.45 for a loss of -85.40 points or -0.47 percent. The S&P 500 was also down, closing at 2150.49 for a loss of -10.71 points or -0.50 percent. The Nasdaq Composite closed lower at 5289.66 for a loss of -11.22 points or -0.21 percent.

untitled

Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.

In other notable index closes, the small-cap Russell 2000 Index was lower at 1239.78 for a loss of -6.01 points or -0.48 percent; the S&P 600 Small-Cap Index was lower at 750.66 for a loss of -3.58 points or -0.47 percent; the S&P 400 Mid-Cap Index closed at 1533.95 for a loss of -8.13 points or -0.53 percent; the S&P 100 Index closed at 952.48 for a loss of -3.68 points or -0.38 percent; the Russell 3000 Index closed at 1273.90 for a loss of -6.36 points or -0.50 percent; the Russell 1000 Index closed at 1192.34 for a loss of -5.96 points or -0.50 percent; and the Dow Jones U.S. Select Dividend Index closed at 603.39 for a loss of -7.54 points or -1.23 percent.

Julie Young

julie@dowfutures.org

Julie Young is a Senior Market Reporter and Analyst

You may also like...

Discussion on U.S. Market Futures Lower as Investors Await Labor Market Data