US stock futures extend gains as softer jobs data eases Fed rate-hike pressure

  • U.S. stock futures extended gains and Tokyo stocks were expected to open higher after softer September employment data eased rate-hike concerns.
  • Nasdaq 100 futures rose 0.3%, while Dow and S&P 500 futures gained about 0.1%; markets priced nearly an 80% chance of unchanged Fed policy that month.
  • Investors watched elevated 10-year Treasury yields, the ISM services report, Fed meeting minutes, consumer sentiment, CME 225 futures and corporate earnings.

U.S. stock futures edged higher on Monday, extending Friday’s rally after weaker-than-expected September employment data and moderated wage growth reduced pressure on the Federal Reserve to continue raising interest rates. Nasdaq 100 futures gained 0.3%, while Dow and S&P 500 futures rose about 0.1%. Tokyo stocks were also expected to open firmly higher on Monday, October 5, following gains across all three major U.S. indexes. Markets were pricing in nearly an 80% probability that the Fed would leave policy unchanged that month, while investors monitored the 10-year Treasury yield near its highest level since 2002, upcoming economic data, Fed minutes and corporate earnings.

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US stock futures extend gains as softer jobs data eases Fed rate-hike pressure - CoinPost Terminal