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Oct 5, 2018

Before the bell update: US stock futures little changed ahead of jobs report I CNBC

cnbc.com


Alexandra Gibbs








U.S. stock index futures were little changed on Friday as investors awaited the latest U.S. jobs data release.
Around 7 a.m. ET, Dow Jones Industrial Average futures rose 4 points, indicating a gain of 13.52 points at the open. S&P 500 and Nasdaq 100 futures were also trading about flat.
The U.S. government is scheduled to release the September jobs report at 8:30 a.m. ET. Economists polled by Refinitiv expect the U.S. economy to have added 185,000 jobs last month.
Traders work on the floor of the New York Stock Exchange
Getty Images
Traders work on the floor of the New York Stock Exchange
The report comes after Wall Street experienced steep losses in the previous session as rising rates kept investors on edge.
On Thursday, the yield on the 10-year Treasury note notched its highest level in over seven years, following positive economic data released this week. Comments from Federal Reserve Chair Jerome Powell also pushed yields higher. Powell on Wednesday said that the Fed had a long way to go before interest rates would hit neutral, suggesting to markets that more hikes could be coming.
Treasury yields continued to tick higher on Friday ahead of the jobs report release. Elsewhere in data, the International Trade in Goods and Services figures are due at 8:30 a.m. ET, followed by consumer credit at 3 p.m. ET.
Looking to the U.S. central bank, Atlanta Fed President Raphael Bostic will attend the CEE's 57th Annual Financial Literacy and Economic Education conference in Atlanta, while Dallas Fed President Robert Kaplan is set to make an appearance at a community luncheon in Waco, Texas.