Stock futures fell on Friday as investors waited for the release of the monthly U.S. jobs report to guide the Federal Reserve’s next interest rate decision.
Futures prices for the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) were both less than 0.1% lower, after a steeper decline earlier in premarket trading. Futures on the technology-focused Nasdaq 100 fell just over 0.2%.
A stronger-than-expected ADP jobs report on Thursday signaled that the US economy is proving resilient to the Fed’s efforts to fight inflation. The surprise cast doubt on economists’ expectations that nonfarm payrolls figures would show some moderation when released before the opening bell on Friday.
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