U.S. stock futures gained early Friday as investors awaited the key May Nonfarm Payrolls report that will offer insights into the nation’s economic health. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.37%, 0.43%, and 0.4%, respectively, at 3:43 a.m. EST, June 6.
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The key jobs report, due before the market opens, is expected to show job growth of 125,000. While a slowdown from the previous month, this figure is unlikely to trigger major recession concerns.
This follows recent economic data that has hinted at a cooling U.S. economy, raising worries about the effects of ongoing tariff talks and the Federal Reserve’s next policy moves.
Today’s futures gains come as the major market indices cling to modest weekly advances. The S&P 500, the Nasdaq Composite (NDAQ), and the Dow Jones have edged up 0.5%, 1%, and 0.1%, respectively, over the week.
In Thursday’s trading, the S&P 500 and the Nasdaq Composite fell 0.5% and 0.8%, respectively, partly due a 14% drop in Tesla (TSLA) stock as CEO Elon Musk engaged in a public dispute with President Donald Trump on social media. The Dow saw a smaller dip of less than 0.3%.
Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.381%. Simultaneously, WTI crude oil futures are trending lower, hovering near $63.01 per barrel as of the last check.
At the same time, the Gold Spot U.S. Dollar Price rose slightly to $3,359 per ounce on Thursday, as investors sought safe-haven assets due to concerns over U.S. trade policy and as a caution ahead of key payroll data.
Elsewhere, European indices opened muted today, as investors awaited updates on trade talks between President Trump and Chinese President Xi Jinping.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific indices were mixed today, as investors reacted to renewed US-China trade uncertainty and a public dispute between President Trump and Musk, which weighed on sentiment.
At the same time, the Hong Kong index was down 0.45%. Further, China’s Shenzhen Component index was down 0.19%, while the Shanghai Composite index gained 0.04%. Also, Japan’s Nikkei and Topix indices closed higher by 0.5% and 0.47%, respectively.
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