US stock index futures: On Friday, U.S. stock index futures fluctuated. Amazon’s profits were spectacular and garnered attention, but Apple’s sales estimates were not. Investors anxiously awaited the July employment data, which helps predict the economy.
Amazon’s stock rose 8.8% in pre-ordering. The market cheered the company’s third-quarter forecast. Apple (AAPL.O) shares fell 1.8% as the tech giant predicted lower sales.
Microsoft, Alphabet, and Snowflake saw their stock prices rise by 1% to 6.2%. Amazon outperformed expectations in cloud sales. This was significant.
The July U.S. nonfarm payroll data is expected at 8:30 a.m. E.T. Economists in a Reuters poll estimated 200,000 new jobs in the preceding month. The employment market remains competitive following June’s 209,000 job gain.
The Labor Department produced a more nuanced study. U.S. jobless claims rose a little. July saw fewer cutbacksthe fewest cutbacks in 11 months.
The U.S. economy is strong despite industrial concerns. CMC Markets U.K. market analyst Michael Hewson said the services sector is stable. He referenced the July ISM report. It stated prices rose, but employment fell.
Read More: Tupperware Brand Stock Soars 53.1% After Successful Debt Restructuring
Prices are still high. Thus, interest rates will likely stay high. The 10-year benchmark note interest rate remains steady and approaching its highest level in nine months. Fitch downgraded the U.S. credit rating from AAA to AA+.
Fresh economic data and lower-than-expected earnings lowered the stock market on Thursday.
Futures trading was favorable at 5:25 a.m. Eastern Time. Dow e-minis rose 83 points or 0.24%. S&P 500 e-minis rose 20.75 points or 0.46%. The Nasdaq 100 e-minis rose even further, 0.63%, to 97 points.
Tupperware (TUP.N) rose 55.4% before the market started, shocking everyone. The corporation agreed with its financiers to restructure how it owes money, showing its desire to improve.
Amgen’s shares rose 1.1%, attracting attention. Note that fewer shares rose. Due to excessive cholesterol, weak bones, and other prescription sales, the corporation generated more money in the previous three months. Amgen delayed buying Horizon Therapeutics due to regulatory regulations.
DraftKings (DKNG.O), a sports betting startup, saw its shares rise 13.7% today. After raising its 2023 income forecast, the corporation became a stronger market contender.
Our Reader’s Queries
What is the futures market doing right now?
The latest Futures Market Data reveals that the Gold Continuous Contract has experienced a positive change of $7.40, while the E-Mini Nasdaq 100 Index Continuous Contract has seen a negative change of $115.25. The E-Mini Dow Continuous Contract has also experienced a negative change of $170, and the E-Mini S&P 500 Future Continuous Contract has seen a decrease of $22.50. These fluctuations in the market can have a significant impact on investors and traders alike.
What is US Index futures?
Index futures are agreements that enable traders to buy or sell a financial index at a later date. These contracts allow traders to speculate on the price movement of an index, such as the S&P 500. With index futures, traders can make informed decisions about the direction of the market and take advantage of potential opportunities.
What is the name of the US futures index?
The current prices and volumes for various index futures are as follows: DOW FUT at 37,710 with a volume of 148,609, S&P FUT at 4,735.5 with a volume of 1,667,317, NAS FUT at 16,465 with a volume of 620,914, and S&P MID MINI at 2,736.6 with a volume of 16,216. These figures provide valuable insights for investors and traders looking to make informed decisions in the market.
What is the stock market index future?
Stock index futures are a type of futures contract that is settled in cash and based on a stock index. These futures are traded daily by futures brokers on stock exchanges and can be used for various purposes, including speculation, hedging, and spread trading. With daily settlements and a focus on cash, index futures offer a unique way to invest in the stock market.