Stock market news live: Stock futures drop ahead of January jobs report - Yahoo Finance

U.S. stocks were on track to decline for the first time in five sessions, giving back some of the gains from earlier in the week.

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7:33 a.m. ET: Stock futures fall ahead of January jobs report

Contracts on the three major indices were lower before the Department of Labor’s January jobs report, set for release at 8:30 a.m. ET. Heading into Friday’s session, the S&P 500 was up 3.7% since the end of last week through Thursday’s close.

The “official”jobs report is expected to show payroll gains totaled 165,000 in January, representing an increase after December’s 145,000 additions. The unemployment rate likely held at a 50-year low of 3.5%. Average hourly wage gains, which disappointed in the December jobs report, are expected to have accelerated slightly to a 3.0% increase year on year.

Meanwhile, investors continued to monitor the spread of the coronavirus. The death toll from the outbreak has so far totaled 636 in mainland China, among more than 31,000 confirmed cases. Carmakers including Toyota have extended shutdowns at their manufacturing centers in China to try and contain the spread of the disease.

Here were the main moves during the pre-market session, as of 7:33 a.m. ET:

• S&P futures (ES=F): 3,335.5, down 9.75 points or 0.29%

• Dow futures (YM=F): 29,227.00, down 101 points or 0.34%

• Nasdaq futures (NQ=F): 9,425.50, down 30 points or 0.32%

• Crude oil (CL=F): $50.58 per barrel, down $0.37 or 0.73%

• Gold (GC=F): $1,570.10 per ounce, up $0.10 or 0.01%

NEW YORK, NY - FEBRUARY 04: Traders work on the floor of the New York Stock Exchange (NYSE) on on February 4, 2020 in New York City. The markets rebounded after a fall last week on coronavirus fears. (Photo by Eduardo Munoz Alvarez/Getty Images)

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https://finance.yahoo.com/news/stock-market-news-live-updates-february-7-2020-123636729.html

2020-02-07 12:36:00Z
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