Investing.com — Stock futures on Wall Street edge lower ahead of the publication of this week’s all-important labor market report, which could influence the size of a possible Federal Reserve interest rate cut later this month. Broadcom’s (NASDAQ:) sales outlook underwhelms analysts’ expectations, sending shares in the artificial intelligence chipmaker lower in extended-hours trading.
1. Futures inch lower
US stock futures hovered just below the flatline on Friday, as investors awaited a much-anticipated labor market report that could factor into the Federal Reserve’s next monetary policy decision.
By 03:45 ET (07:45 GMT), the contract had shed 165 points or 0.4%, had slipped by 38 points or 0.7%, and had fallen by 210 points or 1.1%.
The 30-stock and benchmark both finished the prior session in the red, while the tech-heavy gained.
Trading was choppy on Thursday, as investors parsed through data showing that US private employers hired the fewest number of workers since 2021 in August. But worries over a deterioration in the American labor market were somewhat soothed by separate figures suggesting a decline in jobless claims and expansion in services sector…
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