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US stock futures mostly down ahead of labor market data

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US stock futures

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.

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