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Traders Await Data as US Equity Futures Tread Water Pre-Bell
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Traders Await Data as US Equity Futures Tread Water Pre-Bell
Sep 5, 2024 5:32 AM

07:53 AM EDT, 09/05/2024 (MT Newswires) -- US equity futures were little changed pre-bell Thursday as traders looked ahead to a raft of economic data.

Dow Jones Industrial Average futures gained 0.03%, S&P 500 futures increased 0.1%, and Nasdaq futures slipped 0.01%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $73.15 per barrel and US West Texas Intermediate crude up 0.5% at $69.53 per barrel.

Private payrolls based on ADP Institute's employment report, scheduled for release at 8:15 am ET, are seen rising by 144,000 in August following a 122,000 rise in July, according to estimates compiled by Bloomberg.

New unemployment claims, slated for release at 8:30 am ET, are seen coming in at 231,000 in the week ended Aug. 31. The consensus for nonfarm productivity is for a 2.3% growth in the second estimate for Q2.

The Institute for Supply Management's services purchasing managers' index, due at 10 am ET, is seen stepping back to 51.3 for August from 51.4 in July.

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