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Saturday, May 8, 2021

Stock Futures turn green, signal possible recovery ahead of jobs report

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After enduring heavy losses in early overnight trading, 3 of the 4 major futures indices clawed their way back into positive territory. Dow Jones Futures (28,432.00 at time of writing) lead the way with a 100+ point pop before trimming back to +81.00 (+0.29%) . S&P futures hanging on by their teeth, +5.50 (+0.16%) to 3,467.00.

The Nasdaq Futures remain hobbled by the brutal Thursday trading route that saw valuations tumble. Nasdaq at time of writing: down -47.5  (-0.40%) to 11,753.00.

Other overnight stock news: 

  • Asian markets slump following the stateside tech selloff. 
  • European markets gain, with banks leading the way.
  • Traders and investors await Friday’s jobs report. Economists expect positive news, with estimates ranging from 1.35-1.37.
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