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Stocks Down Pre-Bell as Investors Await Labor Market Data; Asia Strong, Europe Mostly Up
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Stocks Down Pre-Bell as Investors Await Labor Market Data; Asia Strong, Europe Mostly Up
Dec 2, 2024 4:37 AM

07:19 AM EST, 12/02/2024 (MT Newswires) -- The benchmark US stock measures were trending lower before the opening bell Monday as traders await fresh labor market data later in the week.

Standard & Poor's 500 and the Nasdaq decreased 0.2% each in premarket activity, while the Dow Jones Industrial Average edged down 0.1%. Asian exchanges were tracking in the green, while European bourses were mostly pointing higher.

The Job Openings and Labor Turnover Survey for October posts on Tuesday, followed by the ADP Employment report for November on Wednesday. The Challenger Job Cut data for November is out Thursday, while the government's nonfarm payroll data for the same month is scheduled to be released on Friday.

Monday's economic calendar has the November purchasing managers' index for manufacturing from S&P Global ( SPGI ) at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month and the construction spending report for October at 10 am.

Federal Reserve Governor Christopher Waller is slated to speak at 3:15 pm, while New York Fed President John Williams speaks at 4:30 pm.

Stellantis' ( STLA ) US-listed shares dropped 8.5% pre-bell as the automaker's chief executive Carlos Tavares resigned. Tesla (TSLA) inclined 1.5%, while Marvell Technology ( MRVL ) rose 0.8%.

Zscaler (ZS) is set to report its latest financial results after the markets close, among others.

Before the opening bell, bitcoin declined 1.9% to $95,190, West Texas Intermediate crude oil gained 1% to $68.70 a barrel, yields on 10-year Treasuries moved 1.7 basis points higher to 4.21% and gold ticked down 0.7% to $2,661 an ounce.

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