Looming Jobs Report Stifles US Equity Futures Pre-Bell

MT Newswires Live
07 Mar

US equity futures were little changed pre-bell Friday as traders looked ahead to the crucial US monthly employment report.

The Dow Jones Industrial Average futures and the S&P 500 futures were both nearly unchanged, while Nasdaq futures were up 0.1%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $70.61 per barrel and US West Texas Intermediate crude 1.7% higher at $67.50 per barrel.

The February jobs report, due for release at 8:30 am ET, is expected to show a 159,000 month-over-month rise in nonfarm payrolls following a 143,000 gain in the preceding month. The unemployment rate is expected to remain unchanged at 4%, according to estimates compiled by Bloomberg.

Federal Reserve Chair Jerome Powell is scheduled to speak before the 2025 US Monetary Policy Forum at 12:30 pm ET.

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