Stock Futures Nudge Higher Ahead Of November Jobs Report

Stock futures were mildly higher in early morning trading on Friday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic.

Futures on the Dow Jones Industrial Average gained 68 points. S&P 500 futures and Nasdaq 100 futures traded in slight positive territory. The rate of job gains likely slowed in November due to the spike in new coronavirus cases that led to fresh lockdown restrictions. The U.S. economy is expected to have added 440,000 jobs, compared 638,000 in October, according to Dow Jones. The unemployment rate is estimated to have decreased to 6.7% from 6.9%.

Add Your Comment