US stock futures rise as chips rebound ahead of jobs data
Qualcomm rose 4.8% and Nvidia 1% as traders awaited a jobs report expected to show 62,000 payroll gains, Reuters poll found.
8 Articles
8 Articles
US STOCKS-US stock futures rise as chips rebound ahead of jobs data
"The semis trade is arguably starting to look extended, so wider market breadth and a continued melt-up in equities are contingent on tangible progress regarding the reopening of the Strait of Hormuz." Despite concerns that oil prices were fueling inflation, the S&P 500 and Nasdaq have touched record highs, helped by a strong earnings season, signs of a resilient economy and optimism around the outlook for technology and AI companies.
US stock futures rise as chips rebound ahead of jobs data
May 8 (Reuters) – U.S. stock index futures rose on Friday as a recovery in chipmakers helped offset worries about renewed U.S.-Iran tensions, while investors looked ahead to a crucial employment report. By 06:04 a.m. ET, Dow E-minis rose 128 points, or 0.26%. S&P 500 E-minis rose 33.25 points, or 0.45%, and Nasdaq 100 E-minis added 180.5 points, or 0.63%, both trading near record highs. U.S. stocks had closed lower in the previous session as i…
Wall Street's record highs were supported by Friday's unexpectedly strong jobs report and continued gains in the chip sector.
Stock Futures Rally Amid US-Iran Conflict as Jobs Report Looms
Stock futures rise despite US-Iran military strikes near Strait of Hormuz. Investors await April jobs report forecasting 65,000 payrolls, 4.3% unemployment. The post Stock Futures Rally Amid US-Iran Conflict as Jobs Report Looms appeared first on Blockonomi.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
