tl;dr
Stock index futures traded mostly unchanged on Friday morning as they remain cautious and await the latest nonfarm payroll jobs report and unemployment data. Early on, Nasdaq futures (NDX:IND) were -0.1%, S&P futures (SPX) were near even, and Dow futures (INDU) were -0.1%. The U.S. jobs report for F...
Stock index futures traded mostly unchanged on Friday morning as they remain cautious and await the latest nonfarm payroll jobs report and unemployment data. Early on, Nasdaq futures (NDX:IND) were -0.1%, S&P futures (SPX) were near even, and Dow futures (INDU) were -0.1%. The U.S. jobs report for February is set to be released shortly, with economists expecting 215K job additions for the month and the unemployment rate to hold steady at 3.7%. The report follows the ADP jobs report earlier in the week which highlighted that U.S. private sector employment increased by 140K in February, while jobless claims for the week of March 2 were unchanged at 217K. Looking towards the Treasury market, yields have dipped, with the U.S. 2 Year Treasury yield (US2Y) falling by 4 basis points to 4.48%, and the U.S. 10 Year Treasury yield (US10Y) moving down by 4 basis points to 4.06%. Shares of DocuSign (DOCU) surged 10% following upbeat 4Q24 results, indicating an 8% Y/Y increase in subscription revenue.
More about DocuSign Inc
DocuSign Inc is a technology company that provides cloud-based software in the United States and internationally. The company has a market capitalization of $10.92 billion and a current stock price of $214.24. The stock has shown a minimal change of 0.25 over the past period, with a 13.53% return on equity. The company's stock has a Relative Strength Index (RSI) of 58.98, indicating a neutral sentiment in the market. However, the stock is trading above its 50-day and 200-day moving averages, suggesting a bullish trend. It is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with the company's stock.
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