Stocks- U.S. Futures Point to Higher Opening Bell Ahead of JOLTS Data
Published Jan 09, 2018 06:41AM ET
U.S futures point to a slightly higher opening bell on Tuesday.
Investing.com – Wall Street was set to rise slightly on Tuesday as investors wait for labor market data later in the day.
The S&P 500 futures were flat at 2,746.75 as of 6:40 AM ET (11:40 GMT) while Dow futures increased 31 points or 0.16% to 25,281.0. Meanwhile tech heavy Nasdaq 100 futures was up over three points or 0.05% to 6,691.25.
The Job Openings and Labor Turnover Survey (JOLTS) report is expected at 10:00 AM ET (15:00 GMT). Traders will be watching for signs of how strong the labor economy is, as the data comes out just a few days after after the Department of Labor reported only 148,000 jobs had been added to the U.S. economy in December 2017, below market expectations of 190,000.
Streaming device company Roku Inc (NASDAQ:ROKU) was among the top performers in pre-market trading, rising 1.96%. Software firm Micro Focus International PLC ADR (NYSE:MFGP) recovered 2.94% after its shares dropped 9% amid disappointing financial results. Meanwhile PayPal Holdings Inc (NASDAQ:PYPL) inched up 0.81% while HSBC gained 0.35%.
Elsewhere GoPro Inc (NASDAQ:GPRO) slumped 5.95% after announcing it was considering selling itself. The firm fell 30% on Monday amid news that it was firing hundreds of employees and exiting the drone market. Footwear company Under Armour Inc A (NYSE:UAA) decreased 2.69% while BP (LON:BP) PLC ADR (NYSE:BP) inched down 0.56%.
In Europe stocks were up. Germany’s DAX rose six points or 0.05% while in France the CAC 40 increased 25 points or 0.46% and in London, the FTSE 100 inched up 28 points or 0.37%. Meanwhile the pan-European Euro Stoxx 50 was up six points or 0.17% while Spain’s IBEX 35 gained 46 points or 0.45%.
In commodities, gold futures were down 0.33% to $1,316.00 a troy ounce while crude oil futures surged 0.36% to $61.95 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.20% to 92.26.
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Written By: Investing.com
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