The latest jobs report, which will be published at 8:30 a.m. ET, is expected to show that US payroll growth decelerated to 185,000 jobs in May, according to a Refinitiv survey of economists. That would mark a slowdown from April's surge of 263,000.
However, adding that many jobs would still represent very healthy growth, especially given that unemployment is sitting at a 49-year low of 3.6%. Wages gains are expected to be flat, at about 3.2% over the previous year.
A clean bill of health for the labor market could ease Wall Street's concerns about slowing economic growth.
2. Meatless surge: Shares of Beyond Meat (BYND) are surging after it reported skyrocketing sales in the first three months of 2019.
The company, which made its Wall Street debut in early May, said Thursday that quarterly sales hit $40.2 million, a 215% jump compared to the same period last year. That drove the stock up more than 20% in premarket trading.
Beyond Meat, which makes plant-based protein, has generated significant hype in recent weeks on the back of its successful public offering. If shares jump as much as expected when US markets open, its stock would be at nearly five times its IPO price of $25 per share.
3. Market relief: US stock futures point to another day of gains on optimism that central banks are preparing for more easing.
The Dow is poised to rise about 70 points, or 0.3%. The Nasdaq and S&P 500 are set for similar jumps.
European markets were also higher in early trading. Britain's FTSE 100 and Germany's DAX climbed 0.7%. France's CAC 40 shot up 1.3%.
That follows a mixed trading session for stocks in Asia. Hong Kong's Hang Seng finished up 0.2% and Japan's Nikkei increased 0.5%. But the Shanghai Composite lost 1.2%, and the tech-heavy Shenzhen exchange shed more than 2%.
The Dow closed up 0.7% on Thursday, notching its fourth consecutive day in the green. The S&P 500 added 0.6%, and the Nasdaq increased 0.5%.
4. Coming this week:
Friday — US jobs report
Friday — US jobs report
https://www.cnn.com/2019/06/07/investing/premarket-stocks-trading/index.html
2019-06-07 11:57:00Z
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