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Offbeat Futures point to a slightly lower open as investors await jobs report

13:10  03 august  2018
13:10  03 august  2018 Source:   cnbc.com

Tech stocks poised for bloodbath on Thursday with Facebook on track for biggest drop ever

  Tech stocks poised for bloodbath on Thursday with Facebook on track for biggest drop ever The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook.The Invesco QQQ Trust, which tracks the Nasdaq-100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after hours trading Wednesday. At last count, the ETF was off by 1.4 percent. Nasdaq futures opened lower Wednesday evening, off by about 0.7 percent.

U.S. stock index futures pointed to a lower open on Friday, as investors took note of the weaker trading seen overseas, while awaiting more data releases. Dow Jones industrial average futures declined 90 points , while S&P 500 and Nasdaq 100 futures pulled back 9.25 points and 20 points

U.S. futures point to lower open as markets await nonfarm payrolls. Investing .com - U.S. futures pointed to a slightly lower open on Friday as investors looked ahead to the latest data on the American labor market.

  Futures point to a slightly lower open as investors await jobs report © Richard Drew/AP Photo   U.S. stock index futures pointed to a slightly lower open on Friday morning, as investors remained cautious ahead of the July jobs report.

At around 5:10 a.m. ET, Dow futures slipped 24 points, indicating an implied open of around 14 points lower. The Nasdaq and S&P 500 futures also pointed to a modestly lower start to the session for both of their respective markets.

Earnings season continues to be in full swing on Friday, with an abundance of businesses set to report their latest figures. Investors are likely to pay close attention to Kraft Heinz, Toyota Motors, Petrobras, Groupon and Berkshire Hathaway.

Tech-heavy Nasdaq expected to tumble at the open, after Facebook earnings disappoint

  Tech-heavy Nasdaq expected to tumble at the open, after Facebook earnings disappoint U.S. stock index futures pointed in different directions ahead of Thursday’s open, as investors shifted their attention to the corporate space.  Around 5:00 a.m. ET, Dow futures rose 22 points, indicating a positive open of 31.90 points, while S&P 500 futures indicated a relatively subdued start to its session. The tech-heavy Nasdaq however pointed to sharp losses at the open, indicating losses of 116.59 points.Tech stocks are expected to slip during the course of Thursday's session after social media giant Facebook published quarterly results that underwhelmed investors.

Futures for U.S. benchmarks were lower late Thursday as investors appear jittery about a Friday jobs report that's expected to exceed previous forecasts. It measures the U.S. currency against a jug full of its rivals and slipped 2 basis points , to 99.80 at 8:50 p.m. EST.

U.S. stock index futures pointed to a slightly higher open Thursday, as investors look to key data releases and speeches by the U.S. Federal Reserve. —CNBC's Fred Imbert contributed to this report . Alexandra GibbsMake It Reporter.

Economic data due Friday includes nonfarm payrolls, unemployment rate and average hourly wages data for July, which are all set to be published at 8:30 a.m. ET. The jobs report is widely expected to give a reading on the health of the world's largest economy and offer possible clues regarding the pace of the Federal Reserve's future interest rate hikes.

Non-manufacturing data is expected to follow at around 10:00 a.m. ET.

U.S. stocks finished higher on Thursday, shortly after Apple became the first U.S. publicly traded company in history to reach $1 trillion in market value. Apple's stock jumped almost 9 percent since the firm reported better-than-expected quarterly earnings earlier in the week.

Dow set to sink at the open as politics, trade woes keep investors on edge .
U.S. stock index futures fell deep into the red ahead of Friday’s open, following negative sentiment in markets overseas. Around 5:35 a.m. ET, Dow futures dropped 93 points, indicating a negative open of -93.23 points, with the S&P 500 and Nasdaq futures also pointing to a downbeat start to the day.During yesterday's trade, the Nasdaq Composite scored its longest winning streak in close to a year, boosted by positive trade out of tech stocks including Amazon and Apple. On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

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