Stock futures fell on Friday, as investors waited for the monthly US jobs report to guide the Federal Reserve’s next move on interest rates.
Futures on the S&P 500 (^GSPC) and on the Dow Jones Industrial Average (^DJI) were down 0.1%, after a deeper drop earlier in pre-market trading. Futures for the technology-focused Nasdaq 100 fell just over 0.2%.
The stronger-than-expected ADP jobs report on Thursday indicated that the US economy has proven resilient in the face of the Federal Reserve’s anti-inflationary efforts. That surprise cast doubt on economists’ expectations for the non-farm payrolls number to show some moderation when it is released before the opening bell on Friday.
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