Wall Street’s mood may continue to be jittery, with the index futures trading narrowly mixed in early trading. The uncertainty ahead of Friday’s non-farm payrolls report has proved to be the dampener much of the week. The weekly jobless claims and a duo of service sector readings due for the day could nudge the major indices in either of the directions depending on how they pan out.
Companies with exposure to artificial technology could come under pressure amid negative reactions to earnings from C3.ai, Inc. (NYSE:AI). Nvidia Corp. (NASDAQ:NVDA), though, is modestly higher. Crude oil futures rebounded and gold futures are also firmer. The CBOE Volatility Index, aka VIX, is settling down after its recent spike. Traders may also prefer to keep an eye on the bond yields amid rising recession worries.
Futures
Performance (+/-)
Nasdaq 100
-0.06%
S&P 500
+0.04%
Dow
+0.09%
R2K
-0.06%
In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.03% to $551.10 and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.07% to $460.31, according to Benzinga Pro data.
Cues From Last Session:
U.S. stocks closed Wednesday on a mixed note as economic worries countered any upward bounce generated by bargain hunting that followed the recent declines. Stocks started off on a notably weaker note after the July job openings came in at the lowest since early 2021. The major averages cut their losses and moved higher in late-morning trading before reversing course and languishing in the red for much of the remainder of the session.
A late-session buying surge lifted the Dow Industrials into positive territory, while the S&P 500 and the Nasdaq Composite indices closed modestly lower, but off the lows of the session.
Energy stocks fell by the most, and communication services and IT stocks also declined, while consumer staples, ...
