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OffbeatDow set to fall by over 200 points at the open ahead of unemployment figures

12:40  07 december  2018
12:40  07 december  2018 Source:   cnbc.com

Jobless Claims in U.S. Hit Six-Month High During Holiday Week

Jobless Claims in U.S. Hit Six-Month High During Holiday Week Filings for U.S. unemployment benefits rose for a third week to the highest level since May, potentially reflecting volatility around two consecutive periods that included holidays. Jobless claims increased by 10,000 to 234,000 in the week ended Nov. 24, Labor Department figures showed Thursday. The median estimate in a Bloomberg survey was for a decrease to 220,000. The four-week average, a less-volatile measure, rose to 223,250, the highest since July, from 218,500. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

U.S. stock-market indexes jumped on Friday, with the Dow finishing with a gain of more than 200 points following a May jobs report surpassed expectations. The U.S. labor market remains strong with 223,000 new jobs created in May, while the unemployment rate fell to an 18-year low of 3.8%.

Just ahead of the opening bell, a moment of silence to observe the death of South African peace activist Nelson Mandela was held on the floor of the New York Stock Exchange. He died late Thursday at the age of 95. Stocks' gains Friday were the first in five straight sessions of declines for the Dow

Dow set to fall by over 200 points at the open ahead of unemployment figures© Provided by CNBC LLC Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 30, 2018.

U.S. stock index futures were sharply in the red ahead of Friday's open.

At around 3 a.m. ET, Dow futures slipped 162 points, indicating a negative open of 213.67 points. Futures on the S&P 500 were pointing to a negative open of 17.5 points, while Nasdaq futures signaled the index will open 46.5 points lower.

Stocks rebounded on Thursday after media reports that the Federal Reserve could tighten monetary policy at a slower-than-expected pace. Earlier, the session saw deep falls on the back of concerns regarding U.S.-China relations.

Dow futures point to a sharp decline at the open as sell-off looks set to continue

Dow futures point to a sharp decline at the open as sell-off looks set to continue U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. As of 4:20 a.m. ET Monday, Dow Jones Industrial Average futures dropped 105 points, implying a decline of 81.95 points at Monday's open. S&P 500 and Nasdaq 100 futures also moved slightly lower. The losses would add to a steep decline from last week. On Sunday, China summoned the U.S. ambassador to Beijing to protest Huawei CFO Meng Wanzhou's detention.

Unemployment or joblessness is the situation of actively looking for employment but not being currently employed. The unemployment rate is a measure of the prevalence of unemployment and

The Dow fell over 200 points at Wall Street’s open Monday morning, following Standard & Poor’s recently announced downgrade of U.S. debt. At about 10:30 a.m. the Dow Jones Industrial Average sank more than 300 points , down about 3 percent. S&P dropped 42 points or 3.5 percent and

The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December. As a result, The Dow Jones Industrial Average closed 79.40 points lower at 24,947.67 after plunging nearly 800 points earlier in the day.

On the data front, investors will be keeping a close watch on nonfarm payrolls, a key metric for Fed policy, due at 8.30 ET. At the same time, there will also be unemployment numbers.

In corporate news, the earnings calendar is thin, with only Vail Resorts due to report before the bell.

US market sell-off set to continue as Dow futures fall.
Lingering concerns about an economic slowdown plagued stocks.

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