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Nasdaq, S&P 500 Futures Wobble Amid Jobs Data Jitters: Analyst Warns Of Challenging April, Q1 Before Good Times Return

Another lackluster session appears to be in the cards on Thursday, as traders may prefer to stay on the sidelines ahead of the U.S. non-farm payrolls data due on Friday. Low volume, typical of pre-holiday trade, could characterize the session, although some wild swings in reaction to the jobless claim data and a Fed speech scheduled for the day may not be ruled out.

COST

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Not Just Gold, But These Metals Could Make Your Portfolio Shine In 2023

Bank of America Global Research analysts are bullish on copper, aluminium, gold and iron ore, and bearish on nickel and lithium. A re-acceleration of the Chinese economy could push aluminium and copper prices higher into yearend, while gold prices could rise with the end of the Federal Reserve’s monetary tightening, analysts said in a note.

PICK

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Nasdaq, S&P 500 Futures Fall As Markets Eye Jobs Data To Gauge Economy’s Resilience

The market mood appears to have turned defensive as traders shift their attention back to economic data, given the implication they can have on rates. Futures trading suggests that the major averages could extend their losses on Wednesday. Cues From Tuesday’s Trading:

AI

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Recession Playbook In Action: Cooling Labor Market Triggers Rally In Treasuries, Gold; Stocks Decline

Recent economic data has prompted investors to hedge against the rising likelihood of a recession.  In February 2023, there were 9.9 million job openings, which was the lowest level since May 2021 and below market estimates of 10.4 million, suggesting that the labor market may have begun to weaken. 

$XLM

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US Stocks Set To Open Higher Today On Strong Momentum: Analyst Says Next Fed Rate Decision Could Be ‘Near-Tossup’

Trading in the index futures suggests stocks may get off to a modestly positive start on Tuesday after an upbeat close in the previous session. The recent soft data point to a potential pause by the Federal Reserve and this should encourage traders to stay invested, and the lack of any first-tier economic data could rule out volatility.

AMC