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Investors' Focus Shift to Job Market Data as US Equity Futures Waver Pre-Bell
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Investors' Focus Shift to Job Market Data as US Equity Futures Waver Pre-Bell
Dec 3, 2024 6:22 AM

08:53 AM EST, 12/03/2024 (MT Newswires) -- US equity futures were flat before Tuesday's opening bell as traders looked ahead to data on October job openings for some color around the country's labor market ahead of Friday's highly anticipated November jobs report.

Dow Jones Industrial Average futures flatlined, S&P 500 futures gained 0.05%, and Nasdaq futures were down 0.03%.

Market focus this week is on key nonfarm payrolls data for November, due on Friday.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.6% at $73.01 per barrel and US West Texas Intermediate crude up 1.8% at $69.28 per barrel.

The Labor Department's Job Openings and Labor Turnover Survey is due for release at 10 am ET with forecasters seeing a 7.51 million rate for October versus September's 7.443 million, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 1.9% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 0.4% higher. Meanwhile, UK's FTSE 100 rose 0.9%, and Germany's DAX index gained 0.2% in Europe's early afternoon session.

In equities, Credo Technology Group ( CRDO ) stock was 32% higher after the company reported higher fiscal Q2 adjusted earnings and revenue. Janux Therapeutics ( JANX ) stock was 69% higher after the company said late Monday that interim data from a trial of a prostate cancer treatment candidate showed "substantial clinical activity" in patients.

On the losing side, The Children's Place (PLCE) shares fell 15% after the company reported lower fiscal Q3 adjusted earnings and sales.

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