Market Snapshot: U.S. stock futures rise ahead of jobs report with mixed reaction to Amazon and Apple results

by | Aug 4, 2023 | Stock Market

U.S. stock futures rose Friday ahead of the key jobs report, as traders gave a mixed reception to results from and Apple.What’s driving markets
Dow Jones Industrial Average futures
rose 87 points, or 0.3%, to 35399.

S&P 500 futures
gained21 points, or 0.5%, to 4543.

Nasdaq 100 futures
increased 98 points, or 0.6%, to 15537

On Thursday, the Dow Jones Industrial Average
fell 67 points, or 0.19%, to 35216, the S&P 500
declined 12 points, or 0.25%, to 4502, and the Nasdaq Composite
dropped 14 points, or 0.1%, to 13960.

The S&P and Nasdaq both have declined for three straight trading days.What’s driving markets Friday should be an eventful session, as investors parse a host of earnings results including from Apple and, as well as the latest jobs data. Economists polled by the Wall Street Journal expect the Labor Department to report, at 8:30 a.m. Eastern, that 200,000 jobs were created in July. “From the Fed’s perspective, the labor market remains too hot for comfort, but there are signs that it has begun to move in the right direction,” said Nicholas Van Ness, U.S. economist at Credit Agricole, which forecasts a 190,000 rise. A report in line with expectations would leave the Fed comfortabl …

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