Nasdaq 100 futures rise ahead of jobs data as 56,000 payroll rebound seen

  • Nasdaq 100 and S&P 500 futures rose ahead of U.S. employment data.
  • 56,000 jobs are expected to have been added in August after July’s 23,000 decline.
  • Labor Department CPI and PPI reports are due next week.

Futures tracking the Nasdaq 100 and S&P 500 rose ahead of U.S. jobs data that could test the recent recovery in equities. Traders now see nearly a 50% chance of a rate increase, down from 63% before Federal Reserve Governor Christopher Waller said he would support holding rates steady if inflationary pressures are easing. August nonfarm payrolls are expected to increase by 56,000 after a 23,000 decline in July, according to a Reuters survey. Investors are also monitoring September’s historical weakness in stocks and awaiting CPI and PPI inflation data from the Labor Department next week.

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