From Nasdaq:

U.S. stock index futures slipped on Friday, with the Dow down by 0.24%, S&P by 0.27%, and Nasdaq by 0.39%. All three major U.S. stock indexes are set to end the week in the red, with the S&P 500 and Nasdaq on track for their worst week since late September. Analysts are awaiting the official non-farm payrolls report, due at 8:30 a.m. ET to offer clues on the economy’s condition.

Following the recent Fed meeting minutes, traders have dialed back rate cut expectations. Yields on U.S. Treasury notes have ticked higher with the yield on the benchmark 10-year note rising to a three-week high. All eyes are on the non-farm payrolls report, which could offer clues on the Fed’s actions.

The official non-farm payrolls report, due at 8:30 a.m. ET, could offer clues on the Fed’s monetary policy. Analysts expect U.S. job growth to have moderated in December, along with a slowing increase in annual wages, which would be crucial in hitting the 2% inflation target.

In early trading, the Dow e-minis were down 89 points, S&P 500 e-minis were down 12.75 points, and Nasdaq 100 e-minis were down 64 points. Among early movers, Tesla shed 1% in trading before the bell, along with other megacap names and chipmakers.

In other news, Applied Therapeutics tumbled 29% after the drug developer’s heart disease drug showed disappointing results in a late-stage trial. Later in the day, investors will also parse remarks by Richmond Fed President Thomas Barkin, a voting member this year.



Read more: US STOCKS-Futures point to declines in first week of 2024; jobs data on tap