Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 6, 2024 in New York City.
Spencer Platt | fake images
S&P 500 Futures They were near the flat line Thursday night as traders anticipated the release of the February jobs report.
Futures linked to the general market index fell 0.06%, while Dow Jones Industrial Average Futures were down 33 points, or 0.08%. Nasdaq 100 Futures fell approximately 0.3%.
In after-hours operations, the semiconductor manufacturer Broadcom fell 3% after issuing full-year revenue guidance that was in line with analyst expectations. costco shares fell 4% after the retailer posted quarterly income which missed Street estimates.
Stocks rose during the regular session on Thursday, with technology driving the S&P 500 and Nasdaq Composite to all-time highs. The broad market index gained 1% to close at a new record, while the tech-heavy Nasdaq added 1.5%. The Dow Jones, made up of 30 stocks, rose 0.3%.
Investors are awaiting February nonfarm payrolls data due Friday for more information on the health of the U.S. labor market. Economists surveyed by Dow Jones anticipate growth of 198,000 people and an unemployment rate of 3.7%: signs of a labor market slowdownbut it is still relatively strong.
"The most important thing in [Friday's] "The report is information about salaries and whether they are rising too quickly," Gina Bolvin, president of Bolvin Wealth Management Group, said Thursday. "If they rise too quickly, companies will pass this cost on to the end user, which is inflationary."
As the week comes to a close, the S&P 500 posts a 0.4% gain through Thursday, while the Dow Jones is down nearly 0.8%. The Nasdaq is down slightly so far this week, down 0.01%.
