US Stock Futures Suggest A Lower Open Ahead Of Jobs Data

US Stock Futures Suggest A Lower Open Ahead Of Jobs Data

05 Mar 2021 06:06 PM
 

US markets are expected to open lower amid investor concerns over the surging Treasury yields ahead of non-farm payrolls report.

Dow Jones Industrials futures fell 83 points to 30,795.0, S&P 500 fell 13.75 point to 3,751.75 while the Nasdaq-100 futures fell by 70.5 points to 12,384.5.

The 10-year US Treasury note yield fell by one basis point to 1.55%. Treasuries fell on disappointment that Federal Reserve Chair Jerome Powell offered no specific course of action to control the surging long-term rates.

Going ahead, US Jobs data, Nonfarm payroll figures and trade balance figures for January will be eyed by the market participants. The figures are expected to show the US economy benefited from falling new coronavirus cases, fast vaccination rates and additional fiscal stimulus.

West Texas Intermediate crude oil futures rose by 2.02% to $65.12 a barrel.