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Market Wrap: pre-opening session |
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U.S. market futures gain some ground before the release of September jobs report.
On Thursday, major U.S. stock indexes closed modestly higher, with the S&P 500 rising 14 points (+0.19%) to 7,666, the Nasdaq 100 up 93 points (+0.31%) to 30,501, and the Dow Jones up 20 points (+0.04%) to 50,926.
On the stat front, nonfarm payrolls are estimated to increase by 90,000 in September, while the jobless rate is expected to be steady at 4.1%. Also, factory orders are estimated to grow 0.1% month-on-month in August after a 0.9% rise in July.
European indices rebound as yields somewhat ease. On the stat plan, in the eurozone, inflation came in at 3.8% year-on-year in a preliminary reading, versus 3.6% expected, after 3.2% in July.
Asian indices closed mixed. Regarding stats, Japan's jobless rate climbed to 2.5% in August (vs 2.4% expected).
WTI crude oil prices drop around 90.00 dollars after Reuters reported that EU member states were weighing a French proposal to release more diesel from strategic reserves.
Gold is little changed before U.S. data.
Bitcoin jumps, challenging the 86,600 dollars threshold.
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Nike (NKE), a sportswear company, tumbles as quarterly sales missed estimates. The company forecasts a drop in full-year sales.
Moderna (MRNA), a biotech, gains ground as the company will join the Nasdaq 100 index on October 9.
Airbnb (ABNB), a home rental platform, was upgraded to "overweight" from "sector weight" at Keybanc.
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No major earnings release expected.
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On Thursday, the S&P/TSX Composite Index declined 0.23% to 35,154 and the S&P/TSX 60 Index was slightly down 0.12% to 2,069.
Jamieson Wellness (JWEL), a health products company, was downgraded to "sell" from "hold" at TD Cowen.
WELL Health Technologies (WELL)'s, a healthcare company, target price was raised to 9 dollars from 8.5 dollars at Canaccord Genuity.
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