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Stocktwits on MSNDow Futures Rise Amid Caution As Wall Street Traders Eye May Jobs Report — Strategist Warns Euphoric Stock Traders Ignoring Bond Market SignalsU.S. stock futures treaded water early Friday as traders looked ahead to the all-important May non-farm payrolls report, especially after the recent string of weak labor market readings. The market is also left to contend with President Donald Trump’s social media ramblings that have stirred volatility.
Australia’s pension funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s A$4.1 trillion ($2.7 trillion) retirement pot.
The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his 50% steel duty or if he will put it on hold soon.
Dow, S&P 500, Nasdaq futures held steady on Wednesday even as Donald Trumps sharp tariff hike on steel and aluminum imports rattled trade talks. The former President doubled duties from 25% to 50%, excluding only the UK.
Wall Street futures were down marginally before the bell with earnings season winding down and much-anticipated jobs numbers landing later in the week. The Labor Department is reporting monthly
U.S. stocks are drifting and financial markets worldwide are holding relatively steady as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy.