Futures hold steady ahead of September jobs data

Published by
Reuters

By Devik Jain (Reuters) – U.S. stock index futures were largely flat on Friday ahead of September jobs data that is likely to set off the Federal Reserve’s withdrawal of its policy support later this year. Wall Street rallied on Thursday, led by mega-cap technology stocks as the U.S. Senate approved legislation to temporarily raise the federal government’s $28.4 trillion debt limit, averting the risk of a historic default this month. Uncertainty over the debt ceiling negotiations and a run-up in U.S. Treasury yields over elevated inflation were major concerns among investors, injecting volatil…

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