05.09.202512:54:44UTC+00S&P and Nasdaq Futures Hold Gains After Payrolls

On Friday, U.S. stock futures exhibited a generally positive trend. S&P 500 futures rose by 0.2%, and Nasdaq 100 futures increased by 0.6%. Conversely, Dow Jones futures remained relatively stable as investors processed the implications of the latest employment report. The U.S. economy recorded an addition of only 22,000 jobs in August, falling significantly short of the anticipated 75,000. Simultaneously, the unemployment rate escalated to 4.3%, marking the highest level since 2021, aligning with predictions. This data highlighted a deceleration in the labor market, prompting increased expectations that the Federal Reserve might reduce interest rates later this month. Markets are now anticipating approximately a 66-basis-point reduction by 2025. In corporate news, Broadcom's shares soared by 14% in premarket trading following robust quarterly earnings, whereas Lululemon's stock plummeted almost 20% due to issuing soft future financial guidance, attributed to tariff-related profitability challenges. For the week, the S&P 500 has gained 0.7%, the Nasdaq has advanced 1.2%, and the Dow has risen 0.2%.