US Stock Futures Rebound as Market Awaits Labor Data and Interest Rate Decision
US stock futures saw a rebound on Thursday morning after a three-day losing streak. The Dow Jones, S&P 500, and Nasdaq-100 indices all rose between 0.1% to 0.2%, marking a cautious recovery from the previous day's losses.
The rise in oil prices remained a concern for investors, with Brent crude trading above $95 a barrel. President Donald Trump's comments on a 'very heavy attack' against Iran also added to market anxiety, as higher energy costs could increase inflation and pressure the Federal Reserve to raise interest rates.
However, attention is shifting towards the US labor market, with several jobs-related data releases this week providing clues about hiring strength ahead of Friday's closely watched jobs report. The Challenger, Gray & Christmas job cut report and weekly unemployment benefit applications will be closely watched for signs of a weakening labor market.