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Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 6, 2024 in New York City.
Spencer Pratt | Getty Images
S&P 500 futures were nearly flat Thursday evening as traders anticipated the release of February jobs data.
Futures tracking broad market indexes fell 0.02%, with Dow Jones Industrial Average futures down 8 points, or 0.02%. Nasdaq 100 futures fell about 0.3%.
Chipmaker Broadcom fell 3% in after-hours trading after the company announced full-year sales guidance that was in line with analysts’ expectations. Costco shares fell 3% after the company’s quarterly sales fell short of The Street’s expectations.
Stocks rose during regular trading Thursday, with tech stocks pushing the S&P 500 and Nasdaq Composite to all-time highs. The broader market index rose 1% to close at a new record, while the tech-heavy Nasdaq rose 1.5%. The Dow 30 rose 0.3%.
Investors are awaiting February’s non-farm payrolls figures to be released on Friday for further insight into the health of the U.S. labor market. Economists compiled by Dow Jones expect the population to grow by 198,000 people and the unemployment rate to 3.7%. Although this is a sign of a slowdown in the job market, it remains a relatively strong market.
“The most important thing is [Friday’s] “The report is information about wages and whether they are rising too fast,” Gina Bolvin, president of Bolvin Wealth Management Group, said Thursday. It will be passed on,” he said. There is inflation. ”
As the week draws to a close, the S&P 500 is up 0.4% through Thursday, while the Dow Jones Industrial Average is down nearly 0.8%. The Nasdaq is down slightly since the start of the week, down 0.01%.
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