U.S. stock index futures gave back some gains on Friday as investors digested a weaker-than-expected jobs report.
Dow futures traded about 55 points higher after the report's release, having traded about 70 points higher before 8:30 a.m. ET. Still, the 30-stock index was set to open at record levels. S&P and Nasdaq futures traded about 2 points higher and 10 points higher, respectively.
The U.S. economy added 138,000 jobs in May, well below the consensus number of 185,000. Nevertheless, the unemployment rate decreased to 4.3 percent from 4.4 percent.
The report comes amid hopes that the U.S. economy will accelerate after an anemic first quarter that saw GDP increase just 1.2 percent. President Donald Trump has promised his pro-growth agenda will ignite an economy that has shown steady but slow growth since the end of the Great Recession.
Brent crude traded at around $49.64 a barrel on Friday, down 1.96 percent, while U.S. crude was around $47.43 a barrel, down 1.9 percent.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.