S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates
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Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. …
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. Futures tied to the broad market index slipped 0.2%, while Nasdaq 100 futures dipped 0.3%. Futures tied to the Dow Jones Industrial Average were trading little changed. In Thursday's after-hours trading session, shares of Lululemon Athletica sank 10% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company's outlook for its current quarter also came below what analysts were expecting. During the day's regular session, the blue-chip Dow Jones Industrial Average climbed 874.86 points, or 1.73% to a fresh record close. The S&P 500 added 0.41%, while the Nasdaq Composite slipped 0.09%, weighed down by a rotation out of the technology sector. "A lot of us would prefer a broadening of the market, and when we say that I think it's no longer broadening away from Mag Seven, it's really a broadening away from semi-cap equipment and hardware," said Charles Kantor , senior portfolio manager at Neuberger Wealth, on CNBC's " Closing Bell: Overtime " on Thursday afternoon. "You had a little bit of that today, but the pipeline of demand for stuff related to building out compute and data centers from now even into 2030 is a powerful force." Investors are now looking ahead to the May nonfarm payrolls report , which will be released at 8:30 a.m. on Friday morning. …
Original source: CNBC Top News
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