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Stocks Down Pre-Bell as Traders Await Key Jobs Data; Asia, Europe Fall
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Stocks Down Pre-Bell as Traders Await Key Jobs Data; Asia, Europe Fall
Sep 6, 2024 12:08 PM

07:19 AM EDT, 09/04/2024 (MT Newswires) -- US equity futures were tracking in the red before Wednesday's open as traders brace for data on job openings for July.

Standard & Poor's 500 declined 0.4%, the Dow Jones Industrial Average was off 0.2% and the Nasdaq decreased 0.6% in premarket activity. Asian and European exchanges were pointing lower.

The job openings and labor turnover survey report for July is scheduled to be released at 10 am ET.

Shares of Nvidia ( NVDA ) were down 1.2% pre-bell following media reports that the chipmaker is facing an antitrust probe into its dominant position in the artificial intelligence business. Zscaler ( ZS ) fell 16% as the cloud security company's 2025 earnings outlook missed market estimates. GitLab ( GTLB ) jumped 15% after the company lifted its full-year guidance.

Dick's Sporting Goods (DKS), Dollar Tree ( DLTR ) , Hormel Foods ( HRL ) , Core & Main ( CNM ) and Ciena (CIEN) report their latest financial results before the bell, among others. Copart ( CPRT ) , Hewlett Packard Enterprise ( HPE ) and Caseys General Stores ( CASY ) post earnings after markets close.

The international trade in goods and services report for July is out at 8:30 am, followed by the factory orders report for July, at 10 am. The Beige Book, a compilation of economic and business reports from the 12 regional Federal Reserve branches, is due at 2 pm.

Before the opening bell, bitcoin dropped 2.5% to $56,553, West Texas Intermediate crude oil rose 0.5% to $70.68 a barrel, yields on 10-year Treasuries retreated 2.4 basis points to 3.82% and gold slipped 0.2% to $2,518 an ounce.

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