U.S. stock futures ahead of jobs report

509
2
U.S. stock futures ahead of jobs report

U.S. stock futures were forecasting higher open Thursday ahead of the latest jobs data.

Dow Jones Industrial Averages increased 46 points, or 0.13%, while S&P 500 futures and Nasdaq 100 futures both gained 0.2%.

Weekly claims will be released at 8: 30 a.m. ET with economists expecting 385,000 first-time filings last week, down from 400,000 on the week preceding.

In stocks, Robinhood Markets Inc. was sharply lower and said in a filing that existing stockholders will sell up to 97.9 million shares over time. Shares of the trading app platform had soared over two sessions 87% earlier.

In earnings, Uber Inc. s quarterly loss widened as the ride-hailing giant boosted incentives to lure drivers back to work. The company said quarterly gross bookings hit an all-time high and food delivery orders also increased.

Moderna Inc. reported earnings and revenue that exceed Wall Street estimates and said its COVID - 19 vaccine was 93% effective over the six months after the administration of a second dose.

Electronic Arts Inc. has said product launches and its live services fueled its stronger than forecast quarterly results. The game maker raised its full-year outlook and announced that its new Battlefield 2042 game would be released before the holidays.

West Texas Intermediate crude oil ticked up 3 cents to $68.88 a barrel, and gold advanced $1.20 to $1,815. 60

The FTSE 100 of the UK was trading lower by 0.16% after the Bank of England has kept policy unchanged and warned that the economy will face above-target inflation in the near term. The CAC 40 was little changed in Europe, and the DAX 30 of Germany was jumped 0.34%.

In Asia, Japan's Nikkei 225 gained 0.52% while Hong Kong's Hang Seng index and China's Shanghai Composite rose by 0.31% and 0.84%, respectively.