Stock Futures Flat Ahead of Key Jobs Report
U.S. stock futures remained nearly unchanged ahead of the release of September's nonfarm payrolls report, with S&P 500 and Nasdaq-100 futures showing slight gains while Dow-linked contracts edged up slightly. During regular trading on Thursday, all three major indices closed marginally higher for the day but are still expected to post weekly losses. Treasury yields hit multiyear highs before retreating, and oil prices rose following reports of a U.S. military deployment in the Middle East. The upcoming jobs report is seen as pivotal ahead of potential Federal Reserve policy decisions. Economists anticipate job growth around 84,000 with stable unemployment at 4.1%. While strong data may not prompt an immediate rate hike this month, it could influence future monetary policy considerations.
Topics: federal reserve jobs report oil prices stock market treasury yields