The S&P 500 futures forecast a 1% drop at the market opening today, while the Nasdaq could drop nearly 1.2% and the Dow could drop nearly 0.8%.
According to the latest data, the American labor market is very strong: the number of employed people in the US increased by 256 thousand in December, while the economists polled by Dow Jones expected an increase of 155 thousand. The unemployment rate, which was forecast to remain at 4.2%, fell to 4.1% during the month.
We discussed the importance of today’s data in a detailed analysis, which you can read here.
Source: www.portfolio.hu