NatalieLopez
8 Feb 24
The stock index futures drifted lower on Thursday as investors awaited labor market data. S&P, Nasdaq 100, and Dow futures were all slightly down, with the S&P 500 reaching an all-time high and closing near the 5,000 mark. Despite the strong market performance, concerns about regional banks and comm...
The stock index futures drifted lower on Thursday as investors awaited labor market data. S&P, Nasdaq 100, and Dow futures were all slightly down, with the S&P 500 reaching an all-time high and closing near the 5,000 mark. Despite the strong market performance, concerns about regional banks and commercial real estate persist, leading to a 21% chance that the Fed will cut rates next month. Yields on 10-year and 2-year bonds rose, with a $25B auction of 30-year bonds scheduled for the afternoon. Weekly initial jobless claims figures are forecasted to dip to 221K. Analysts are seeing early signs of potential layoffs becoming a more significant part of the payroll picture in the spring.
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