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Stock futures traded slightly lower Thursday morning to give back some gains from a day earlier, as September selling pressure returned to equity markets.
Non-farm payrolls grew by 943,000 last month, exceeding estimates for about 870,000, according to Bloomberg data. Job gains for both May and June were also upwardly revised by a total of 119,000.
The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.
The multiplier for the Dow Jones is 5, essentially meaning that Dow Futures are working on 5-1 leverage. If the Dow Futures are trading at 10,000, a single futures contract would have a market value of $50,000. For every 1 point the Dow Jones Industrial Average fluctuates, the Dow Futures contract will increase or decrease $5.
Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the Dow Jones Industrial Average. None of the original 12 industrials still remain part of the index. [41] American Cotton Oil Company, a predecessor company to Hellmann's and Best Foods, now part of Unilever. [42]
Here's what else happened today: Here are 5 black swan evens that could surprise the stock market this year. The LA fires have burned more than 10,000 structures and could become the state's ...