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After the Dow Ends a Three-Day Losing Streak, Stock Futures Decline on Thursday

Thursday saw a slight decline in U.S. stock futures as Wall Street battled to retain the upward momentum from the previous day and investors anticipated important jobs data.

125 points, or 0.4%, were lost by futures linked to the Dow Jones Industrial Average. Along with Nasdaq-100 futures, S&P 500 futures fell 0.4%.

After the business provided fiscal first quarter guidance that was well below market expectations, Clorox shares fell 4% in the premarket. The manufacturer of consumer goods is projecting an adjusted loss per share of between 40 cents and zero cents. Earnings per share were expected to be $1.29 by the analysts FactSet surveyed.

Stocks had just had a successful session. On Wednesday, the Dow gained 0.4% and ended a three-day losing run, while the S&P 500 increased by 0.8%. The Nasdaq Composite, which is heavily weighted in technology, outperformed the other two major indexes, rising 1.35%.

I’ve been on the defensive all year. Liz Young, SoFi’s head of investment strategy, said on CNBC’s “Closing Bell”: “Obviously, we’re getting a little reprieve today, but I think it’s just that: It’s a temporary reprieve.

Source (CNBC)

SourceCNBC
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