Categories: world

Dow Jones Futures Fall Sharp As Weak Jobs Report Fans Global Growth Fears

Dow Jones futures signaled heavy losses for the current stock market, as the February work report showed an increase of only 20,000 jobs but wage growth accelerated. The news came after China's trade data was added to global growth problems. S&P 500 futures and Nasdaq futures pointed to a fifth straight day of stock market losses. Alibaba (BABA) and iQiyi (IQ) were among a number of China shares that coincide with the China ETF. X As for the winning driver, Costco Wholesale (COST) jumped and Upland Software (UPLD) signaled a breakout while the cybersecurity name Okta ( OKTA) tumbled. Also Facebook (FB), Google Parent Alphabet (GOOGL) and Amazon.com (AMZN) fell more than 1% since then Elizabeth Warren suggested breaking up tech giants. It was not clear whether these FANG shares were moving over it or just the general sales of the market. Dow Jones Futures Today Dow Jones futures fell 0.9% against fair value. S & P 500 futures withdrawn 0.9%. Nasdaq 100 futures fell 1.25%. Remember that overnight stays at Dow Futures and elsewhere do not necessarily exceed actual trade on the next regular stock market period. The S&P 500 index and the Nasdaq composite material fell during their 200-day moving averages on Friday. But the current stock market is recovering after 10 weeks of profits for Nasdaq. February Job Report Mixed Payroll-free salaries increased by just 20,000 in February, the weakest profit of 17 months and well below the forecasts of 175,000. However, unemployment fell to 3.8% from…

Dow Jones futures signaled heavy losses for the current stock market, as the February work report showed an increase of only 20,000 jobs but wage growth accelerated. The news came after China’s trade data was added to global growth problems. S&P 500 futures and Nasdaq futures pointed to a fifth straight day of stock market losses. Alibaba (BABA) and iQiyi (IQ) were among a number of China shares that coincide with the China ETF.




X



As for the winning driver, Costco Wholesale (COST) jumped and Upland Software (UPLD) signaled a breakout while the cybersecurity name Okta ( OKTA) tumbled. Also Facebook (FB), Google Parent Alphabet (GOOGL) and Amazon.com (AMZN) fell more than 1% since then Elizabeth Warren suggested breaking up tech giants. It was not clear whether these FANG shares were moving over it or just the general sales of the market.

Dow Jones Futures Today

Dow Jones futures fell 0.9% against fair value. S & P 500 futures withdrawn 0.9%. Nasdaq 100 futures fell 1.25%. Remember that overnight stays at Dow Futures and elsewhere do not necessarily exceed actual trade on the next regular stock market period.

The S&P 500 index and the Nasdaq composite material fell during their 200-day moving averages on Friday. But the current stock market is recovering after 10 weeks of profits for Nasdaq.

February Job Report Mixed

Payroll-free salaries increased by just 20,000 in February, the weakest profit of 17 months and well below the forecasts of 175,000. However, unemployment fell to 3.8% from 4%. The average hourly wage increased by 3.4% compared to the previous year, the best profit since 2009.

Separately, housing in the US begins to increase 18.6% in January, far better than expected when activity fell from a two-year low.

China Trading data Weak

Overnight, China trade data came in much worse than expected. China’s exports decreased by 21% year-on-year, while imports decreased by 5%. This was partly due to the new month year, but both import and export fell more than expected.

China’s report followed the European Central Bank, which published a bleak growth in the euro area. However, the ECB announced new lending incentives and promised not to raise interest rates by 2020. The Shanghai composite decreased by 4.4%. It was due to the US stock market, which was sold on Thursday, the weak trading data and signs of stricter stock market regulation.

Meanwhile, the US ambassador to China said no summit between President Donald Trump and China’s President Xi Jinping has been planned and that a trade with China is not “imminent”.

China Stocks, China ETF Signal Weakness

The Alibaba share fell more than 3% ahead of the open. The IQiyi share, a 2018 IPO that has recovered, fell more than 5%.

Given the best ETFs, KraneShares China Internet ETF (KWEB) fell 4%. Direxion Daily FTSE China Bull ETF (YINN) hit nearly 6% and Direxion Daily FTSE China Bear ETF (YANG) jumped 6%. Direxion ETFs, which track 50 top-selling trading stocks, have been used three times.

Costco Stock, Upland Software Stock Jump

Costco stock increased 4% in early trading, which restored its 200-day line. At the end of Thursday, Costco’s earnings jumped 42% to $ 2.01 per share in the January-second quarter, crushing views by 34 cents.

Upplands Software Warehouse shot up 11%, which was to clear a 35.70 cup-to-buy point of sale.

Octave Stock Felled On Guidance

Octave earnings report was better than expected, with losses declining and revenue leaping 50 cents. But the Cybersecurity stock led to higher losses than expected during the first quarter and for the whole of 2019. The Okta share fell almost 8%, signaling a test at a 75.59 point of sale.

YOU ARE NOT LIKE:

Futures prolong the losses on China News

Like the stock market decline, this is the next big market catalyst

IBD stocks of the day: This leadership name is still in the shopping area [19659006] Get Free IBD Newsletter: Market Prep | Tech Report | How to invest

After hours of trading: Here’s what it is and why it can help you in the stock market

Share
Published by
Faela