Stock Markets
US stock futures mostly down ahead of labor market data
U.S. stock futures are mostly down on Friday ahead of U.S. labor market data, according to trading data and analyst comments.
The Dow Jones Industrial Average (DJIA) is up 0.05% to 29,996 points; the NASDAQ High-Tech index is down 0.42% to 11,493 points, and the S&P 500 broad market index is down 0.12% to 3,752.25 points.
Later Friday, the markets are waiting for the publication of the statistical data on the labor market in the USA. Analysts believe that the unemployment rate in the country in September remained at the August level of 3.7%. This will also affect US stock indices.
Also, markets continue to watch for signals from the U.S. Federal Reserve.
“The issue of the Fed’s turnaround remains a major factor limiting risk appetite. Caution should remain ahead of the U.S. jobs report. Given the repeated hawkish comments from Fed speakers, this may not be enough to sustainably support risk appetite,” Bloomberg quotes Sébastien Barbe, head of emerging markets research and strategy at Credit Agricole CIB.
Earlier, we reported that APAC exchanges are trading in different directions.
(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.
The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.
The Pentagon did not immediately respond to a request for comment.
Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.
Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.
In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.
THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.
(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”
A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.
While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.
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Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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