Lates News

US stock index futures generally held steady as investors await more data on the US labor market amid the backdrop of the trade war initiated by Trump. At 8:26 New York time, the S&P 500 and Dow futures were roughly flat, while Nasdaq 100 futures dropped 0.1%. The S&P 500 index had recently experienced its first consecutive gains since mid-May. The MSCI global stock index hit a record high, thanks to the rise in European and Asian stock markets. US bonds rose, while the US dollar fell. The latest ADP data showed that the pace of hiring by US companies had slowed to its lowest level in two years. Despite concerns by some economists that tariff pressures could lead to significant weakness in the US job market in the coming months, current data show mixed results. Investors will be watching for service industry data to be released later on Wednesday for the latest information on the strength of the US economy. The non-farm employment report will be released on Friday. According to data compiled by Piper Sandler & Co., the expected volatility of the S&P 500 index on Friday is estimated to be plus or minus 0.9%. This implied volatility is the lowest since February, before the release of non-farm data.