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Stocks Down Pre-Bell Ahead of November Jobs Report; Asia Churns, Europe Rises
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Stocks Down Pre-Bell Ahead of November Jobs Report; Asia Churns, Europe Rises
Dec 6, 2024 4:46 AM

07:15 AM EST, 12/06/2024 (MT Newswires) -- US equity futures were pointing lower on Friday as traders await the national employment situation report for November.

Standard & Poor's 500 declined 0.2% while the Dow Jones Industrial Average and the Nasdaq edged down 0.1% in premarket activity. Asian exchanges were mixed to lower, while European bourses were trending higher midday on the continent.

The jobs report for last month is scheduled for an 8:30 am ET release.

Friday's economic calendar also has the University of Michigan's preliminary consumer sentiment data for December at 10 am, while the weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm. The Federal Reserve's consumer credit bulletin for October is out at 3 pm.

Fed Governor Michelle Bowman is slated to speak at 9:15 am, while Chicago Fed President Austan Goolsbee speaks at 10:30 am. Cleveland Fed President Beth Hammack is scheduled to speak at 12 pm and San Francisco Fed President Mary Daly speaks at 1 pm.

Shares of Lululemon Athletica ( LULU ) advanced 9.1% pre-bell as the athletic apparel and footwear company reported stronger-than-expected quarterly results. Ulta Beauty ( ULTA ) gained 12% and DocuSign ( DOCU ) jumped 15% following their respective quarterly results. GitLab ( GTLB ) rose nearly 8%.

BRP (DOOO) reports its latest financial results early Friday, among others.

Before the opening bell, bitcoin decreased almost 1% to $97,922, West Texas Intermediate crude oil moved down 0.9% to $67.68 a barrel, yields on 10-year Treasuries inched 0.6 basis points higher to 4.19% and gold inclined 0.5% to $2,660 an ounce.

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