{"id":33538,"date":"2022-06-02T13:17:01","date_gmt":"2022-06-02T13:17:01","guid":{"rendered":"https:\/\/harchi90.com\/stock-futures-rebound-ahead-of-labor-reports\/"},"modified":"2022-06-02T13:17:01","modified_gmt":"2022-06-02T13:17:01","slug":"stock-futures-rebound-ahead-of-labor-reports","status":"publish","type":"post","link":"https:\/\/harchi90.com\/stock-futures-rebound-ahead-of-labor-reports\/","title":{"rendered":"Stock futures rebound ahead of labor reports"},"content":{"rendered":"
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Slatestone Wealth chief market strategist Kenny Polcari on whether tech firms laying off employees is a precursor to what’s to come amid inflation, the Federal Reserve’s handling of the economy and stagflation.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
US equity futures traded higher Thursday morning as equities rebound from Wednesday’s losses.<\/p>\n
The major futures indexes suggest a gain of 0.3% when the Wall Street session begins.<\/p>\n
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Oil prices fell by more than $ 2 a barrel ahead of a meeting of OPEC + set for later in the day. Saudi Arabia is reportedly prepared to increase oil production<\/u> if Russia’s output falls substantially under the new sanctions imposed by the European Union, according to the Financial Times.<\/p>\n
US West Texas Intermediate (WTI) crude dropped to around $ 112 a barrel. Brent crude was down to $ 114 a barrel.<\/p>\n
OIL FALLS AS SAUDI ARABIA READY TO PUMP MORE IF RUSSIAN OUTPUT SINKS: REPORT<\/strong><\/p>\n
The countdown to Friday’s release of the monthly jobs report is underway with two labor-related reports on the docket. The payroll processing company ADP will report on private-sector hiring for May. That report was pushed back a day by the Memorial Day holiday. Traders will also get the latest jobless claims as well as productivity.<\/p>\n