S&P 500 Futures Dip Ahead of May Jobs Report Release
S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

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S&P 500 futures fell 0.2% as traders anticipated the May jobs report, while Nasdaq 100 futures dropped 0.4%. Lululemon's shares plummeted 10% after lowering earnings forecasts. The Dow Jones Industrial Average rose 1.73% to a record close, with the S&P 500 on track for its 10th consecutive positive week.
- 01S&P 500 futures decreased by 0.2%, and Nasdaq 100 futures fell by 0.4%.
- 02Lululemon Athletica's stock dropped 10% after it revised its earnings and revenue guidance downward.
- 03The Dow Jones Industrial Average achieved a record close, rising 874.86 points or 1.73%.
- 04Economists predict only 80,000 jobs were added in May, significantly below the 150,000 average of the previous two months.
- 05The S&P 500 is on track for its 10th consecutive positive week, the longest streak since 1985.
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On Thursday night, S&P 500 futures fell by 0.2% as traders prepared for the upcoming May jobs report, while Nasdaq 100 futures decreased by 0.4%. The Dow Jones Industrial Average, however, experienced a significant gain, closing up 874.86 points or 1.73%, marking a record close. Shares of Lululemon Athletica plummeted 10% in after-hours trading after the company revised its full-year earnings and revenue guidance downward, citing ongoing challenges. Analysts are now anticipating the May nonfarm payrolls report, expected to reveal only 80,000 jobs added, a stark contrast to the average of 150,000 jobs over the previous two months. The unemployment rate is projected to remain steady at 4.3%. The S&P 500 has gained less than 0.1% this week, positioning it for a potential 10th consecutive week of gains, a feat not seen since 1985. Meanwhile, President Donald Trump expressed willingness to meet with Iran's Supreme Leader to negotiate a deal amid ongoing tensions.
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The anticipated job growth and unemployment rate may influence consumer spending and economic confidence.
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