Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Stock futures edge lower ahead of November jobs report; Didi announces plan to delist

by
December 3, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

Stock futures nudged lower in early trading Friday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid omicron variant developments.

Futures on the Dow Jones Industrial Average fell 87 points. S&P 500 futures dipped 0.3% and Nasdaq 100 futures edged 0.4% lower.

Stocks tied closely to the virus have led the market on its week-long seesaw, and that continued Friday. Companies that benefit from the economic expansion, such as hotels and airlines, led losers, while vaccine leader Moderna was among the biggest gainers, with its shares rising 3.4% in premarket trading.

Hilton Worldwide was off 1.4%and Delta Air Lines fell 1.2% premarket.

Elsewhere in markets, Chinese ride-hailing giant Didi announced during Asia trading hours on Friday that it will start delisting from the New York Stock Exchange and make plans to list in Hong Kong instead.

The November jobs report is set for release Friday morning. Investors expect to see solid job growth last month, with economists surveyed by Dow Jones predicting 573,000 jobs added in November and the unemployment rate slipping to 4.5%.

The three major indexes rebounded in Thursday’s regular trading session. The Dow gained 617 points. The S&P 500 rose 1.4% and the Nasdaq Composite gained 0.8%.

Cyclical names tied to the economic recovery made back some of their recent losses. Industrials led the S&P 500 sectors Thursday with a 2.89% gain.

“We view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes,” Marko Kolanovic, JPMorgan chief global markets strategist, said in a note Wednesday.

On the data front, initial jobless claims totaled 222,000 for the week ended Nov. 27, lower than economists expected.

Despite Thursday’s rally, the averages are on pace for a losing week. The Dow and the Nasdaq Composite are each about 0.7% lower on the week, while the S&P 500 is down 0.4%.

“With rising cases of the virus, a less accommodative Fed, and tougher growth comps in the year ahead, the uncertainties around the outlook may simply be building — resulting in a more volatile environment for price discovery,” Goldman Sachs’ Chris Hussey said in a note.

ShareTweetPin

Related Posts

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

by
September 26, 2023
0

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

by
September 26, 2023
0

Tuesday: Case-Shiller House Prices, New Home Sales

by
September 26, 2023
0

Charlie Munger Emphasizes Self-Awareness And Strategy: ‘I Don’t Play In A Game Where The Other People Are Wise And I’m Stupid. I Look For A Place Where I’m Wise And They’re Stupid’

by
September 25, 2023
0

Is Funded Trading Plus the Best Prop Trading Firm? Breaking Down the Facts

by
September 25, 2023
0

Next Post

A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

Berkshire Hathaway’s Charlie Munger says markets ‘crazier’ now than they were in the late 1990s

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Ford partners with GlobalFoundries to increase chip supplies

    0 shares
    Share 0 Tweet 0
  • CEOs across the market, economy agree on one big 2022 prediction: More volatility

    0 shares
    Share 0 Tweet 0
  • Inflation is sticking around – and Biden will likely have to wait it out like the rest of us

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com