Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed up +0.45%, the Dow Jones Industrials Index ($DOWI) closed up +0.36%, and the Nasdaq 100 Index ($IUXX) closed up +0.61%.
U.S. stock indexes on Thursday settled higher with the S&P 500 at a 3-week high, the Dow Jones Industrials at a 1-week high, and the Nasdaq 100 at a new all-time high. Stocks moved higher on a better-than-expected monthly jobs report.
U.S. Jun non-farm payrolls rose +4.8 million, stronger than expectations of +3.23 million, and the largest increase since the data began in 1939. Also, the Jun unemployment rate fell -2.2 to 11.1%, showing a stronger labor market than expectations of 12.5%.
Other U.S. economic news on Thursday was mixed for stocks. U.S. weekly initial unemployment claims fell -55,000 to 1.427 million, showing a weaker labor market than expectations of 1.350 million. Also, weekly continuing claims unexpectedly rose +59,000 to 19.29 million, showing a weaker labor market than expectations... Read more