U.S. stock futures fell Friday ahead of an important update on the labor market, with tech bearing the brunt of losses following disappointing results from Amazon.com, Apple and Alphabet.
How are stock-index futures trading? On Thursday, the Dow Jones Industrial Average DJIA fell 39.02 points, or 0.1%, to end at 34,053.93, while the S&P 500 SPX gained 60.55 points, or 1.5%, to finish at 4,179.76, its highest close since Aug. 25. Shares of Amazon.com AMZN fell 5.5% in premarket trading following the e-commerce giant reporting its worst annual loss on record after the least profitable holiday quarter since 2014.
“Is this balance enough to keep Nasdaq in a positive trend? It might not be. And the Fed expectations alone, especially given that they are not necessarily based on the full picture, but only on the half of the picture may not suffice to keep this rally going,” Ozkardeskaya said in a note to clients.
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Source: MarketWatch - 🏆 3. / 97 Read more »