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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

US stocks point lower, European markets lackluster, as attention turns to Friday's job creation number

US futures are pointing to a lower open on Thursday after closing higher yesterday

US shares are pointing lower in futures trade after a positive finish on Wednesday.

The Dow Jones Industrial Average saw a 300-point rise yesterday, boosted by the likes of the Boeing Company (NYSE:BA), Chevron Corporation (NYSE:CVX) and Home Depot Inc (NYSE:HD).

The Nasdaq closed 65 points, while the S&P 500 added over 34.

But on Thursday, Dow Jones futures are currently trading 29 points lower, while Nasdaq futures are 6.5 points off and the S&P 500 futures are 3.25 points below. It comes ahead of the closely watched non-farm payroll figures tomorrow.

In Europe, stock markets are mixed, with the German DAX down 56 points amid continued Eurozone jitters. The FTSE 100 is up but not by much - around ten points and the France's CAC 40 is up 7.55 points.

Up in Toronto, the TSX closed firmly higher - 126 points up at 16,048.

Looking ahead to US trade, Connor Campbell, financial analyst at Spreadex.com said: "...the Dow Jones’ own rebound is set to stall when the bell rings on Wall Street.

"Having risen past 24600 with a 1.25-plus climb, the Dow is facing a 30 point dip, despite the meeting between secretary of state Mike Pompeo and top North Korean official Kim Yong-chol."

Economists are forecasting an increase of 198,000 jobs for May amid a tightening labor market.

On Wednesday, the ADP private sector jobs report, seen as a pre-cursor to the mainb event, showed 178,000 jobs were added.

But April's figure was revised south by 41,000 to 163,000 roles, and March’s was downwardly revised too.

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