Dow Futures Drop Ahead of Jobs Report
Dow futures fell on Friday ahead of the release of the jobs report, following Thursday’s market selloff fueled by banking fears. The S&P 500 and Nasdaq futures were also down, indicating a cautious outlook for the day. Investors are waiting for the Labor Department’s report, which is expected to show job growth in August was slower than the previous month due to the spread of the Delta variant. In addition, concerns over inflation and potential rate hikes by the Federal Reserve have contributed to market uncertainty. According to analysts, the September job report will be critical in shaping the Fed’s future policy decisions.