Market Snapshot: U.S. stock futures steady as major jobs report looms

by | Apr 6, 2023 | Stock Market

U.S. stock futures were barely changed as traders favored caution ahead of jobs data on Friday when the market will be closed.How are stock-index futures trading
S&P 500 futures
fell 1 point, or 0%, to 4116

Dow Jones Industrial Average futures
fell 3 points, or 0%, to 33653

Nasdaq 100 futures
eased 14 points, or 0.1%, to 13066

On Wednesday, the Dow Jones Industrial Average
rose 80 points, or 0.24%, to 33483, the S&P 500
declined 10 points, or 0.25%, to 4090, and the Nasdaq Composite
dropped 129 points, or 1.07%, to 11997.

What’s driving markets Moves are fairly meager across asset classes as a long weekend for most major financial centers looms. “As we approach the Easter weekend, risk-off sentiment has continued to grow in markets thanks to another round of weak data that’s added to fears about a potential US recession,” said Henry Allen, strategist at Deutsche Bank. The S&P 500 closed at a seven-week high on Monday, having been boosted of late by falling bond yields, as traders hoped signs of a slowing economy may ease inflation and allow the Federal Reserve to begin trimming interest rates later this year. However, recent data — notably co …

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