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Futures on Stocks Decline after the August Jobs Report Falls Short of Forecasts

On Friday, S&P 500 futures dropped as traders evaluated an August jobs report that was lower than anticipated.

There was a 0.1% decline in futures linked to the broad market index. A 0.1% decrease, or 50 points, was seen in Dow Jones Industrial Average futures. Naked 100 futures fell by 0. percent.

More than 7% of Broadcom’s value was lost after the company missed analyst projections for its fiscal fourth-quarter revenue.

“Adam Crisafulli of Vital Knowledge stated that the mood of global equities is still gloomy, with prices continuing to fall amid ongoing worries about the outlook for growth… and flagging AI optimism.”

Source (CNBC)

SourceCNBC
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