US STOCKS-Futures listless ahead of jobs data, Apple slips

From Nasdaq:

Futures for the S&P 500 and Nasdaq remained quiet on Thursday as investors awaited U.S. economic data for Fed guidance. Following a two-day drop, Apple declined after a rating downgrade. There’s speculation that a movement toward lowered rates could occur, but no confirmations from the December central bank meeting. The Fedspeak includes that interest rates might only decrease for a limited duration, as traders see a 68.3% possibility of a rate cut this March.

Awaited U.S. economic data might influence Fed action, and employment reports are being watched. U.S. Treasury tenor yields are showing growing interest rate expectations, with the 10-year yield up 3.964%. ADP National Employment Report, Friday labor market and initial jobless claims are in the pipeline. Apple stocks slipped 0.7% and Micron Technology shares rose by 1.1%.

Dow, S&P 500, and Nasdaq E-minis are mixed. UK’s JD Sports’ lowered profit forecast burdens sportswear makers Nike and Foot Locker. Meanwhile, Walgreens Boots Alliance gained 3.3% after reporting better-than-expected profits. Mattel dropped 1.5% following a Barbie doll maker downgrade, while FuboTV surged by 2.4% amidst a new distribution deal.



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