Futures mixed ahead of jobs data
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Bumble slides after slashing FY revenue growth forecast
Robinhood rises after Q2 earnings beat
Weekly jobless claims data due at 8:30 a.m. ET
Futures: S&P 500 down 0.2%, Nasdaq up 0.06%, Dow down 0.2%
Updated at 6:45 a.m. ET/ 1045 GMT
By Shubham Batra and Shashwat Chauhan
Aug 8 (Reuters) -U.S. stock index futures were mixed on Thursday as investors turned cautious ahead of a jobs report after last week's weaker-than-expected economic data that had sparked fears of a recession.
Most megacap and growth stocks were volatile in premarket trading. The Nasdaq .IXIC closed 1% lower in the previous session, as tech stocks lost steam after a brief rebound following a global stocks rout, and weak demand in a 10-year Treasury auction.
Global markets are experiencing heightened volatility this week after dour economic reports coupled with unwinding of currency carry trade positions pushed the Japanese yen higher after the Bank of Japan raised interest rates on July 31.
The market situation has turned the focus on U.S. weekly jobless claims data, due at 8:30 a.m. ET, which is expected to show a marginal dip in the number of Americans claiming State unemployment benefits in the week ended Aug. 3.
"U.S. weekly jobless claims will be very sensitive given the positions that have stacked up looking for the Fed to cut rates relatively aggressively by year end," said Marc Ostwald, chief economist & global strategist at ADM Investor Services.
J.P.Morgan has raised the odds of a U.S. recession by the end of this year to 35% from 25%, citing easing labor market pressures.
Money markets currently see a 71.5% chance of a 50-basis-points rate cut by the Federal Reserve in September, with the possibility of two more cuts by the end of 2024, according to CME's FedWatch Tool.
Comments from Richmond Fed President Thomas Barkin, who will be speaking at 3 p.m. ET, will also be closely monitored for any clues on the U.S. central bank's next move.
At 06:45 a.m. ET, Dow E-minis 1YMcv1 were down 90 points, or 0.23%, S&P 500 E-minis EScv1 were down 9.25 points, or 0.18% and Nasdaq 100 E-minis NQcv1 were up 11.5 points, or 0.06%.
The CBOE Market Volatility Index .VIX, also known as Wall Street's "fear gauge", ticked up to 28.51 points, up from Wednesday's low of 21.97.
On the earnings front, Bumble BMBL.O slashed its annual revenue growth forecast, stoking worries about the dating app operator's growth plans, sending its shares down 39.7% in premarket trading. Rival Match Group MTCH.O also fell 2.6%.
Warner Bros Discovery WBD.O dropped 12.3% after it wrote down the value of its TV assets due to the uncertainty of fees from cable and satellite distributors and sports rights renewals.
Monster Beverage MNST.O lost 8.3% after the energy drinks maker missed market expectations for second-quarter sales as budget-conscious consumers kept a tight lid on spending.
Robinhood HOOD.O added 1.5% after the retail trading app beat Wall Street expectations for second-quarter earnings, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals.
Eli Lilly LLY.N jumped 7% after the drugmaker raised its annual profit forecast, and sales of its popular weight-loss drug Zepbound crossed $1 billion for the first time in a quarter.
Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Varun H K and Shinjini Ganguli
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
