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Stocks Mostly Down Pre-Bell as Traders Await Key Jobs Data; Asia, Europe Rise
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Stocks Mostly Down Pre-Bell as Traders Await Key Jobs Data; Asia, Europe Rise
Dec 3, 2024 4:42 AM

07:29 AM EST, 12/03/2024 (MT Newswires) -- US equity futures mostly edged lower on Tuesday as traders await job openings data for October, the first of the key labor market reports scheduled for release this week.

Standard & Poor's 500 was slightly in the green, while the Nasdaq and Dow Jones Industrial Average ticked down 0.1% each in premarket activity. Asian and European exchanges were tracking in the green.

Tuesday's thin economic calendar has the Job Openings and Labor Turnover Survey for October at 10 am ET. The ADP Employment report, Challenger Job Cut report and the government's nonfarm payroll data, all for November, are out later this week.

Federal Reserve Governor Adriana Kugler is scheduled to speak at 12:35 pm, while Chicago Fed President Austan Goolsbee speaks at 1:30 pm and later at 3:45 pm.

Shares of Super Micro Computer ( SMCI ) advanced 3.9% pre-bell after closing the previous session up about 29% as the artificial intelligence server maker said that a committee formed to look into the company's governance found no evidence of fraud or misconduct, based on its final findings. Zscaler ( ZS ) dropped 7.4% even though the cloud security company reported stronger-than-expected fiscal first-quarter results.

Core & Main ( CNM ) and Donaldson (DCI) report their latest financial results before the bell, among others. Salesforce ( CRM ) , Marvell Technology ( MRVL ) , Pure Storage ( PSTG ) and Okta ( OKTA ) are slated to post earnings after markets close.

Before the opening bell, bitcoin decreased 1% to $94,912, West Texas Intermediate crude oil rose 1.1% to $68.87 a barrel, yields on 10-year Treasuries inclined 0.7 basis points to 4.2% and gold nudged 0.3% higher to $2,666 an ounce.

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