Outlook 10/05: U.S. stock futures trade lower Thursday as investors were cautious ahead of key jobs data on Friday that could determine the next move for interest rates. Weekly initial jobless claims came in at 207,000 for the week ending Sept. 30, up just 2,000 from the prior week’s numbers. Economists had forecasted 210,000 estimated. While the slight increase in jobless claims was about in-line with the Street, it disappointed some investors hoping the weekly data would start to signal a labor market breakdown and end the run in rates that’s hurting stocks. Economists believe non-farm payrolls for September will show a 170,000 increase, down from a 187,000 jobs gain in August.
/ESZ23 (Dec 2023): YVAH 4287 YPOC 4272 YVAL 4258 GAP 4293.75
/ES Plan: Yesterday market closed bullish, but overnight looks slight bearish, moving within previous value, so these're the opening and initial balance options for today:
