S&P 500 futures are near flat Thursday night as investors readied for Friday's closely watched jobs report.
S&P 500 futures sat near their flatline, while Nasdaq 100 futures slipped 0.2%. Futures tied to the Dow Jones Industrial Average added 37 points, or 0.1%.due Friday morning. Economists polled by Dow Jones are forecasting nonfarm payroll adds of 200,000 jobs in June and the unemployment rate to hold steady at 4%. They also expect hourly wages to climb 0.3% from May for an annualized gain of 3.9%.
The report comes as traders consider the latest economic data pointing to softening in the economy — and what it means for the Federal Reserve's monetary policy decisions going forward.than anticipated in June, while weekly jobless claims came in higher than economists forecast. On top of that, a reading of the service sector from the Institute for Supply Management unexpectedly indicated a contraction.
"Friday's payroll report should help clarify the underlying strength of the labor market," said Quincy Krosby, chief global strategist at LPL Financial."Given other evidence of a cooling economic backdrop ... the payroll report could be increasingly decisive for the Fed as it seeks a rationale to signal an easing of rates."Futures tied to the S&P 500 futures were near flat shortly after 6 p.m. ET. Dow futures added 0.1%, while Nasdaq 100 futures slipped 0.2%.
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