U.S. stock indexes cleared for lower open for labor probe

U.S. stock indexes cleared for lower open for labor probe

U.S. stock indexes were cleared for a lower open Wednesday ahead of the latest investigation into the health of the labor market.

The Dow Jones Industrial Average futures fell by 64 points, or 0.18%, while the S&P 500 future and Nasdaq 100 futures lost 0.15% and 0.06%, respectively.

ET and is expected to show that the U.S. economy added 653,000 workers last month, down from 692,000 in June.

In stocks, Robinhood Markets Inc. remain in focus a day after soaring above its $38 initial public offering price.

Victoria's Secret shares were also under scrutiny after split apart from L Brands on Tuesday and went high 27% on the stock market debut.

CVS Health Corp. raised on both the top and bottom lines in earnings and beat its full-year earnings forecast amid signs consumer shopping patterns and use of health care benefits are normalizing.

General Motors Co. raised quarterly profit and swung its full-year forecast as it continued to prioritize high-margin vehicles amid the global chip shortage. The strong demand for used cars continued to drive record results for GM Financial.

The Lyft INC. reported revenue surged 125% from a year ago as ridership continued to rebound from Pandemic levels. The ride-hailing company said it had 17.14 million riders last quarter, down from 21.2 million in the first quarter of 2020.

In the wake of a women-bias lawsuit, Activision Blizzard Inc. topped Wall Street estimates and announced the departure of two executives as it looks to improve its culture in the wake of a $600,000 merger with Microsoft.

In commodities, West Texas Intermediate crude oil fell 28 cents to $70.28 a barrel and gold edged up $2.50 to $1816.60 an ounce.

European bourses rallied across the board with Germany's DAX 30 up 0.86%, France's CAC 40 over 0.59% and UK's FTSE 100 rose 0.47%.

In Japan, Hong Kong's Hang Seng index and China's Shanghai Composite were advanced 0.88% and 0.85% respectively while Japan's Nikkei 225 gain 0.21%.