Stocks Expected to be Static Following U.S. Jobs Figures - InvestingChannel

Stocks Expected to be Static Following U.S. Jobs Figures



U.S. stock futures were little changed on Friday as investors digested the key May jobs report.

Futures for the Dow Jones Industrials stepped back 14 points to 34,554.

Futures for the S&P 500 inched up 4.5 points, or 0.1%, to 4,195.75.

Futures for the NASDAQ Composite galloped 27 points, or 0.2%, to 13,556.25.

Meme stocks continued their wild prices swings on Thursday, especially AMC Entertainment. The movie theater operator said Thursday morning it was going to sell 11.5 million shares only to announce several hours later it already completed its stock offering, raising $587.4 million in additional capital.

AMC closed down nearly 18%. Other meme stocks like Blackberry also experienced volatility on Thursday.

AMC was down another 7% in pre-market trading Friday.

Facebook shares fell slightly in pre-market trading after the company was hit with new antitrust investigations from the U.K. and European Union.

The U.S. Labor Department told investors May’s non-farm payrolls came in at 559,000, paling in comparison to the 671,000 expected for last month.

Still, this morning’s figure is up from a disappointing 266,000 payrolls added in April.

Overseas, in Japan, the Nikkei 225 fell 0.4% Friday, while in Hong Kong, the Hang Seng index dropped 0.2%.

Oil prices advanced 20 cents to $69.01 U.S. a barrel.

Gold prices cleared breakeven 90 cents to $1,874.20 U.S.

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