Wall Street futures pointed moderately lower pre-bell Thursday as traders weighed Middle East hostilities and awaited the end-of-the-week jobs report from Washington. The national employment situation report is slated for an 8:30 ET release on Friday, sure to be parsed for clues to domestic labor-market tightness and possible signals for Federal Reserve monetary policies.
In the futures, the S&P 500 fell 0.30%, the Nasdaq declined 0.3%, and the Dow Jones was off 0.3%. Asian exchanges traded unevenly overnight, with Tokyo gaining 2% after Japan's new prime minister made dovish comments regarding monetary policy. European bourses tracked moderately lower midday on the continent.
Levi Strauss (LEVI) declined more than 11% pre-bell after the clothing giant reported soft Q3 revenue and tempered full-year guidance, late Wednesday. Constellation Brands (STZ) plans to report earnings pre-bell, among others. On the economic calendar is the Challenger Job-Cut Report for September at 7:30 am ET, followed by the weekly jobless claims bulletin at 8:30 am.
The S&P Global US PMI composite final for September posts at 9:45 am, and the August factory orders release posts at 10 am, along with the ISM Services Index for September. The weekly EIA natural gas report logs at 10:30 am. Federal Reserve Atlanta President Raphael Bostic and Minneapolis Fed President Neel Kashkari speak at 10:40 am.
In pre-market action, Bitcoin traded at $60,836, West Texas Intermediate crude oil traded higher at $71.72, and 10-year US Treasuries offered 3.81%. Spot gold traded for $2,665 an ounce. $US30 $US500.