Futures higher ahead of jobs data
2017-12-08 07:09:17
Stock futures are higher, taking their lead from overseas markets which moved higher overnight following some stronger than expected trade data out of China. Investors in the U.S. will be watching the monthly nonfarm payrolls report scheduled for release at 8:30 am ET. Estimates are for the addition of 195,000 nonfarm jobs and for the unemployment rate to remain at 4.1%. Due out after the market opens is the University of Michigan consumer confidence reading. In early pre-market trading, Dow futures are 90 points above fair value, Nasdaq futures are 39 points above fair value and S&P…
Stock futures are higher, taking their lead from overseas markets which moved higher overnight following some stronger than expected trade data out of China. Investors in the U.S. will be watching the monthly nonfarm payrolls report scheduled for release at 8:30 am ET. Estimates are for the addition of 195,000 nonfarm jobs and for the unemployment rate to remain at 4.1%. Due out after the market opens is the University of Michigan consumer confidence reading. In early pre-market trading, Dow futures are 90 points above fair value, Nasdaq futures are 39 points above fair value and S&P futures are 11 points above fair value.