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Investors Await Market Cues as US Equity Futures Post Narrow Losses Pre-Bell
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Investors Await Market Cues as US Equity Futures Post Narrow Losses Pre-Bell
Aug 9, 2024 6:21 AM

09:00 AM EDT, 08/09/2024 (MT Newswires) -- US equity futures were cautiously lower ahead of Friday's opening bell as traders awaited fresh impetus following a market sell-off earlier in the week.

The Dow Jones Industrial Average futures fell 0.2%, S&P 500 futures declined 0.3%, and Nasdaq futures were down 0.5%.

Equity markets slumped earlier in the week, pressured by recession concerns after the Bureau of Labor Statistics reported a weaker-than-expected jobs report for July.

Stocks rebounded Thursday as the latest weekly jobless claims report helped ease concerns about the state of the economy.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $79.49 per barrel and US West Texas Intermediate crude up 0.4% at $76.41 per barrel.

In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 1.2% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, UK's FTSE 100 rose 0.2% and Germany's DAX index slipped 0.1% in Europe's early afternoon session.

In equities, shares of Expedia ( EXPE ) were 9% higher pre-bell after the company reported higher Q2 adjusted earnings and revenue. Doximity ( DOCS ) shares increased 30% after the company reported higher fiscal Q1 adjusted profit and revenue and lifted its sales guidance.

On the losing side, American Vanguard ( AVD ) shares slumped 27% on weaker Q2 financial results. Intellicheck ( IDN ) shares were down 19% on lower Q2 revenue. Eventbrite ( EB ) shares dropped 24% after the company lowered its full-year 2024 revenue guidance.

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