US Futures Rise as Hiring Cools and Factory Surveys Stay Firm
S&P 500 futures gained as September job growth slowed, while manufacturing gauges remained firm and traders prepared for more economic signals.
Key takeaways
- E-mini S&P 500 futures were up about 0.7% Monday morning.
- September payrolls rose by 29,000, while unemployment stood at 4.2%.
E-mini S&P 500 futures rose about 0.7% Monday morning as investors weighed slower hiring against firm manufacturing activity. The September jobs report showed 29,000 new jobs and an unemployment rate of 4.2%; annual wage growth was 3%.
The ISM Manufacturing PMI was 54.5, while the S&P Global manufacturing gauge stood at 55.9. The market update said factory costs were rising amid tariffs and conflict in the Middle East.
Teradyne gained 8% and Hewlett Packard Enterprise rose 7.36%. Western Digital fell 10.22% and Seagate declined 10.21% after Toshiba outlined plans to nearly double AI data-center hard-drive capacity.
The update flagged the ISM Services PMI on Monday, Fed remarks and Constellation Brands earnings on Tuesday, FOMC minutes on Wednesday, and jobless claims on Thursday.
This article was produced with the help of AI technology. Source: Yahoo Finance
