U.S. Market Preview | Markets Await July Nonfarm Payrolls Data; U.S. Stock Futures Edge Higher; Rare Earth Stocks Rise in Premarket Trading as Trump to Meet with Mining Executives; Cloudflare Surges Over 16% After Earnings, SK Hynix Announces $38.3 Billio
Ahead of Friday's market open, investors are awaiting the U.S. nonfarm payrolls data for July, which could influence the Federal Reserve's interest rate decision in September. As of this writing, Dow Jones futures were up 0.14%, Nasdaq futures rose 0.6%, and S&P 500 futures gained 0.27%.
Nonfarm payrolls arrive tonight at 20:30! Wall Street forecasts diverge: 18,000 or 80,000? Markets brace for high volatility.
The U.S. nonfarm payrolls report for July is set to be released tonight, with Wall Street forecasts ranging widely from 18,000 to 83,000, signaling imminent market volatility. With the Federal Reserve's policy path still uncertain and risks of Japanese yen intervention looming, the cost of dollar options has quietly risen to a recent high, as investors brace for potential surprises.
Is a strong non-farm payroll report actually bearish? JPMorgan: If the data comes in strong, U.S. stocks could face a sell-off
① The U.S. July nonfarm payrolls report will be released tonight. JPMorgan forecasts that if job gains exceed 150,000, the S&P 500 could decline by nearly 2%; if gains fall within the range of 20,000 to 60,000, the index could rise by as much as 0.8%. ② Market expectations for July’s nonfarm payroll additions have a median forecast of 83,000, with the unemployment rate expected to remain at 4.2%.
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① Goldman Sachs: Heatwaves and wildfires may weigh on eurozone growth, with inflation facing upside risks over the next year; ② Goldman Sachs: U.S.-Japan intervention does not undermine the dollar's reserve currency status, and the FIMA facility could mitigate shocks to the U.S. Treasury market; ③ Jefferies: Western Digital’s earnings momentum is slowing, though AI-driven storage demand remains strong, leading to a target price cut to USD 1,750; ④ Goldman Sachs: Western Digital’s long-term supply agreements provide earnings visibility, maintaining a USD 2,200 target price.
Top-performing U.S. stocks this week | Coherent surged over 27% for the week, as domestic manufacturers benefited from proposed U.S. restrictions on optical module imports; Palantir rose nearly 27%, with strong earnings dispelling skepticism; Shopify clim
This week, the Dow Jones Industrial Average rose 2.67% cumulatively to close at 53,885.10 points; the S&P 500 Index gained 2.94% over the same period, closing at 7,709.96 points; and the Nasdaq Composite Index climbed 3.84% cumulatively during the period, ending at 26,348.35 points.