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Index Futures Fall, Dollar Rallies As Labor Market Strength Dampens Fed Rate Cut Speculation

U.S. equity futures take a sharp downturn after unexpected strength in labor market, with traders questioning aggressive rate cut bets & traders adjusting expectations for a Fed rate cut in March 2024 to 49% chance.

AMD

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Nasdaq Jumps Over 100 Points; US Jobless Claims Edge Higher

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.04% to 36,068.53 while the NASDAQ rose 0.86% to 14,268.90. The S&P 500 also rose, gaining, 0.51% to 4,572.56.

BETS