04.09.202512:40:56UTC+00S&P and Nasdaq Futures Edge Up, Traders Digest Labour Data

On Thursday, futures for the S&P 500 and Nasdaq 100 reduced earlier advances but maintained some gains, closing up by 0.1% and 0.2% respectively. Meanwhile, Dow Jones futures alternated between modest increases and declines as market participants analyzed the most recent ADP report. The report showed that the US private sector created only 54,000 jobs in August, highlighting signals that the labor market is slowing down and thereby bolstering expectations for a Federal Reserve interest rate reduction this month. Additionally, initial jobless claims climbed to 237,000, marking the highest level in nearly two months. This development came after Wednesday's Job Openings and Labor Turnover Survey (JOLTS) report, which fell short of expectations, leading investors to closely watch the upcoming key nonfarm payrolls data release on Friday. In the corporate arena, Broadcom shares rose by 0.7% in premarket activity prior to its quarterly earnings announcement post-market, while Tesla saw its shares increase by nearly 1% after launching its robotaxi application to the public.