• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Stock futures dip ahead of November jobs report; Didi announces plan to delist

by
December 3, 2021
in Breaking News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Related Posts

This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds

Daily Spotlight: Bull Market Beginning?

China steps up support for Putin as Western sanctions bite – latest updates

Bonds Are Back. Where Vanguard’s Bond Boss Sees Value Now.

Stock futures were lower in overnight trading Thursday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid omicron variant developments.

Futures on the Dow Jones Industrial Average shed 80 points. S&P 500 futures dipped 0.38% and Nasdaq 100 futures edged 0.41% lower.

Meanwhile, Chinese ride-hailing giant Didi announced during Asia trading hours on Friday that it will start delisting from the New York Stock Exchange and make plans to list in Hong Kong instead.

The November jobs report is set for release Friday morning. Investors expect to see solid jobs growth last month, with economists surveyed by Dow Jones predicting 581,000 jobs added in November.

The three major indexes rebounded in Thursday’s regular trading session. The Dow gained 617 points. The S&P 500 rose 1.4% and the Nasdaq Composite gained 0.8%.

Cyclical names tied to the economic recovery made back some of their recent losses. Industrials led the S&P 500 sectors Thursday with a 2.89% gain.

“We view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes,” Marko Kolanovic, JPMorgan chief global markets strategist, said in a note Wednesday.

On the data front, initial jobless claims totaled 222,000 for the week ended Nov. 27, lower than economists expected.

Despite Thursday’s rally, the averages are on pace for a losing week. The Dow and the Nasdaq Composite are each about 0.7% lower on the week, while the S&P 500 is down 0.4%.

“With rising cases of the virus, a less accommodative Fed, and tougher growth comps in the year ahead, the uncertainties around the outlook may simply be building — resulting in a more volatile environment for price discovery,” Goldman Sachs’ Chris Hussey said in a note.

Next Post

Less than 6 months after its IPO, China's Didi says it will delist from the New York Stock Exchange

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds

by
June 8, 2023
0

Read more

This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds

China steps up support for Putin as Western sanctions bite – latest updates

Daily Spotlight: Bull Market Beginning?

Bonds Are Back. Where Vanguard’s Bond Boss Sees Value Now.

Binance CEO’s trading firm received $11 billion via client deposit company, SEC says

Deep Value Stocks Are Super Cheap. Why a Recession Isn’t a Worry.

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews