Monday’s trading session began with some of the major US stock market indices sliding down. This event happened following last Friday’s disappointing headline US payrolls number.
We think this report exhibits the latest happening in Wall Street that can significantly affect the other major stock markets worldwide. Hence, we believe this latest US stock market news can help guide our readers who are into stock market trading.
Based on the October 11, 2021 report posted online by finance news outlet Yahoo! Finance, both the S&P 500 futures and the Nasdaq futures were down 0.5 percent during early Monday trading. Additionally, US stock futures edged lower on Sunday evening, October 10.
These downbeat events concerning the US stock market indices came after finishing almost on the flat line last Friday. Investors shook off concerns regarding a much weaker-than-expected labor market report released last October 8.
The Dow Jones Industrial Average futures plummeted 0.21 percent or 71 points. Meanwhile, the Nasdaq 100 futures lost grip of 0.33 percent, while the S&P 500 futures lost 0.28 percent, according to business and markets news outlet CNBC.
Last Friday, the condition of the US stock market indices featured the Dow slipping 8.69 points in regular trading to 34,746.25. The S&P 500 lost 0.2 percent to 4,391.34 points, while the Nasdaq Composite dropped 0.5 percent to 14,579.54 points.
Investors can view the US stock market indices trading low as markets responded to disheartening jobs report that initially sent the major averages lower. This event in the US stock market happened, although the investors’ problems eased up following them digesting the information and realizing matters were not as bleak as the data suggested at first.
The United States Department of Labor reported that the US economy added merely 194,000 jobs last month. These figures are compared to the Dow Jones estimate of 500,000 jobs.
The latest events involving the US stock market indices feature US stock market futures leading Asia lower as oil prices extended their bull run and international inflation angst favored commodities as a hedge over US equities.
Elsewhere, in Asia, shares slipped on Monday. Japan’s Nikkei lost grip of 0.5 percent after shedding 2.5 percent on the first week of October.
The broadest index of Asia-Pacific shares outside Japan of investment research company Morgan Stanley Capital International or MSCI eased 0.2 percent and Australia 0.9 percent. We want to inform our readers to follow the US stock market indices’ status these days.
We believe various factors are at play, causing the US stock market futures to be down, including the latest weak jobs report. The US payrolls number certainly did not satisfy as they got released last Friday.
Analysts viewed that this disappointment was partly because of the reopening problems in local and state education, while private sector employment was firmer.
These events impact the US economy, including the US stock market indices, and we suggest our readers wait and see and continue monitoring the developments as this year draws to a close.
We also recommend they create a plan to keep themselves afloat in their stock market trading activities amid these unpredictable times and the uncontrollable events in the US stock market scene.