Stock futures tipped lower on Friday as investors awaited the release of the monthly US jobs report to provide guidance for the Federal Reserve’s next move on interest rates.
Prices on S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) futures were both less than 0.1% lower, after falling deeper earlier in premarket trade. Futures on the tech-focused Nasdaq 100 fell just over 0.2%.
A stronger-than-expected ADP jobs report on Thursday signaled that the US economy is proving resilient in the face of the Fed’s efforts to fight inflation. That surprise casts doubt on economists̵[ads1]7; expectations that nonfarm payrolls numbers will show some moderation when they are released before the opening bell on Friday.
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