Dow Futures Decline Ahead of Key Jobs Report

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Dow Futures Decline Ahead of Key Jobs Report
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark indices extended declines during regular trade as investors await Friday’s key jobs data for further clues into the path of future interest rate hikes from Federal Reserve policymakers.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures dipped 0.1%, S&P 500 Futures fell 0.2% and Nasdaq 100 Futures lost 0.3%.

In extended deals, Levi Strauss (NYSE: LEVI ) lost 5.5% after the company reported Q3 EPS of $0.40, above estimates of $0.37, while revenue came in at $1.52 billion versus $1.6 billion expected.

Advanced Micro Devices Inc (NASDAQ: AMD ) also shed 4% after the company warned that Q3 revenues would be lower than previously expected.

Ahead in Friday’s session, market participants will be closely watching September’s Nonfarm Payrolls report, with expectations of a 250K increase, while unemployment is expected to hold steady at 3.7%.

During Thursday’s regular session, the Dow Jones Industrial Average fell 346.9 points or 1.2%, to 29,926.9, the S&P 500 lost 1% to 3,744.5 and the NASDAQ Composite fell 75.3 points or 0.7% to 11,073.3.

On the bond markets, United States 10-Year rates were at 3.828%.

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