
Futures Lower after Dow Sets Record
U.S. stock futures were lower in premarket trading as traders looked to May’s jobs report.
The moves come after a mixed session on Wall Street with the S&P 500 and Dow Index rising but the tech-heavy Nasdaq-100 (NDX) fell on Thursday. The Dow Jones Industrial index did settle at a record high as traders pushed into Blue Chip stocks with Healthcare and Financials leading the gains.
Focus turns to the May non-farm payrolls data this morning with estimates of 85,000 jobs added with the unemployment rate holding steady at 4.3%. Geopolitical risks and oil prices will also be closely watched as the U.S.-Iran war has dragged on into its fourth month, and the conflict between the two nations has been in a fragile ceasefire.
Snapshot (as of 8 AM ET)
- Oil (/CL) – Oil prices are down 0.27% to $92.79
- Gold (/GC) – Gold is down -0.14% to $4,498.80
- Bitcoin (/BTC) – The cryptocurrency is down -2.63% to 62,165
- U.S. Dollar (/DX) – The dollar is down 0.22% to 99.196
- VIX – The CBOE Volatility Index was down 4.1% on Thursday to 15.40
Biggest Premarket Movers (as of 8 AM ET)
Advancers:
- Cooper Companies Inc (COO) 5.13%
- Applovin Corp (APP) 3.17%
- Chipotle Mexican Grill (CMG) 1.60%
- Salesforce Inc (CRM) 0.93%
- Eli Lilly and Co (LLY) 0.86%
Decliners:
- Lululemon Athletica (LULU) -9.69%
- Lumentum Holdings Inc (LITE) -4.08%
- Micron Technology Inc (MU) -3.76%
- Corning Inc (GLW) -3.14%
- Intel Corp (INTC) -3.02%
Economic Data (ET)
- 08:30AM: Nonfarm Payrolls (May)
- 08:30AM: Unemployment Rate (May)
- 08:30AM: Average Hourly Earnings (MoM)
- 08:30AM: Average Hourly Earnings (YoY)
- 08:30AM: Participation Rate (May)
- 01:00PM: Baker Hughes Rig Count
Notable Earnings
- Premarket: ABM, GIII
- Postmarket: None
- Premarket Monday: CPB, DLTH
- Postmarket Monday: MTN

