Stock futures are mixed this morning, with S&P 500 E-Mini futures up slightly and Nasdaq 100 E-Mini futures down, as investors await jobless claims data and the upcoming Federal Reserve meeting next week. Yesterday, Wall Street closed higher with Microchip Technology and Marvell Technology leading gains, while Pure Storage plummeted after disappointing Q3 results. The ADP National Employment report showed a decline in private nonfarm payrolls, while U.S. September industrial production was in line with expectations. Fed rate futures indicate an 89.2% chance of a rate cut next week. Euro Stoxx 50 Index is up, led by automobile and industrial stocks. Asian markets closed mixed, with China’s SHCOMP down and Japan’s NIK up.
Read more at Barchart: Stocks Muted Before the Open as Rally Pauses, U.S. Jobless Claims Data on Tap
