Market Snapshot: U.S. stock futures struggle to resume rally as jobs data looms

by | Apr 5, 2023 | Stock Market

U.S. stock futures were slightly softer on Wednesday amid cautious trading ahead of a raft of jobs data.How are stock-index futures trading
S&P 500 futures
dipped 7 points, or 0.2%, to 4122

Dow Jones Industrial Average futures
fell 50 points, or 0.2%, to 33527

Nasdaq 100 futures
eased 23 points, or 0.2%, to 13196

On Tuesday, the Dow Jones Industrial Average
fell 199 points, or 0.59%, to 33402, the S&P 500
declined 24 points, or 0.58%, to 4101, and the Nasdaq Composite
dropped 63 points, or 0.52%, to 12126.

What’s driving markets Stocks have stalled for now as investors ponder whether to be pleased that soft economic data of late has trimmed bond yields, or to be wary of the business downturn those trends foretell. China’s closure for a holiday and a soft handover from Europe are adding to the caution. “After a string of gains for risk assets over recent days, the last 24 hours have seen some steam come out of that rally, with investor nerves growing about the state of the economy once again,” said Henry Allen, strategist at Deutsche Bank. The S&P 500 shed 0.6% on Tuesday, falling back from a seven-week high, after data showed job openings in the U.S. …

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