Dow futures slip; JOLTs data sets scene for payrolls
Investing.com — U.S. stock futures fell Tuesday, handing back some of the prior month’s strong gains ahead of the release of job openings data that will serve as a precursor to Friday's much-anticipated nonfarm payrolls report.
By 06:45 ET (11:45 GMT), the Dow Futures contract was down 100 points, or 0.3%, S&P 500 Futures traded 20 points, or 0.4%, lower and Nasdaq 100 Futures dropped 105 points, or 0.7%.
The main Wall Street indices closed lower on Monday, with the tech-heavy Nasdaq Composite leading the way, dropping 0.8% after five consecutive positive weeks for the three senior averages. The broad-based S&P 500 fell 0.5% and the blue chup Dow Jones Industrial Average slipped 0.1%.
Investors have turned more cautious at the start of the new week, and month, with the release at the end of the week of the key monthly U.S. jobs report, which could lead markets to reassess their expectations for a Federal Reserve interest rate reduction early next year.
Setting the scene for the official jobs report comes the Job Openings and Labor Turnover Survey, a closely-watched gauge of labor demand, later Tuesday.
Economists expect the so-called JOLTS report will show that job openings in the world's largest economy slipped to 9.3 million on the final day of October, down from 9.553 million on the last day of the prior month.
Investors will also study data on U.S. services sector activity from S&P Global and the Institute for Supply Management later Tuesday.
In corporate news, Take-Two Interactive Software (NASDAQ:TTWO) stock fell over 5% in premarket trading after a trailer of the latest installment of its best-selling «Grand Theft Auto» videogame franchise was released, implying the game was arriving in 2025, later than
Read more on investing.com
