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Nasdaq and S&P 500 Futures Rise as Investors Await Critical U.S. Jobs Data
Finance · Investment Banks/Brokers · globe_inside_market · 2026-09-04
Stock index futures ticked higher ahead of a key nonfarm payrolls report, while markets weighed recent comments from Federal Reserve officials on interest rates.
What Happened
Market Sentiment and Jobs Data: U.S. equity futures showed modest gains as investors prepared for the release of the latest nonfarm payrolls report. Economists anticipate a rebound in job growth for August, following a surprisingly weak July report that saw significant downward revisions to previous gains.
Federal Reserve Policy Outlook: Market expectations for interest rate hikes have shifted following comments from Fed Governor Christopher Waller, who suggested he would support holding rates steady if inflation cools. Traders are currently recalibrating their outlook for the central bank's upcoming decision, with the Fed entering a blackout period shortly.
Corporate Developments: Individual stocks faced volatility, with Lululemon Athletica shares dropping sharply after the company issued a downward revision to its full-year profit and revenue guidance. Additionally, Adobe shares declined following the announcement that longtime CEO Shantanu Narayen will step down, with insider Anil Chakravarthy set to take over.
Global Economic Context: International markets reacted to a mix of energy price concerns and shifting currency dynamics, with the dollar retreating against the yen. Rising oil and natural gas prices in Europe have fueled speculation regarding potential rate hikes from the European Central Bank as winter energy supply anxieties persist.