Futures slip as focus turns to monthly jobs report

Published by
Reuters

(Reuters) – U.S. stock index futures edged lower on Friday as sentiment remained fragile after a sharp selloff on Wall Street in the previous session, with investors awaiting April jobs data that could throw light on the path of interest rate hikes. The Labor Department’s report, due at 08:30 a.m. ET, is expected to show nonfarm payrolls likely increased by 391,000 jobs last month after rising 431,000 in March. Unemployment rate dropped to its pre-pandemic low of 3.5% in April, the report is also likely to show, while wages rose solidly, underscoring the challenge the Federal Reserve faces to …

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