Express News | After the release of the nonfarm payroll data, the three major stock index futures plummeted. Dow futures fell over 0.66%, S&P 500 futures dropped 0.7%, and Nasdaq 100 futures declined nearly 1%. The dollar index rose by 0.57% to 109.79.
Express News | US Dec. Non-Farm Payrolls +256000 Vs +160000 Forecast, Prior +212000; US Dec. Unemployment Rate 4.1% Vs 4.2% Forecast, Prior 4.2%
Express News | US Nonfarm Payrolls (Dec) 223K Vs 164K Est.; Prior 182K
Express News | USA Unemployment Rate For December 4.1% Vs 4.2% Est.; 4.2% Prior
Wall Street warns: If you don't want a big drop in U.S. stocks, tonight's non-farm payroll needs to be "just right."
Bank of America stated that only "Goldilocks" data can keep long-term interest rates below 5%, stabilize interest rate sensitivity, and prevent the Nasdaq's leadership from wavering. "Explosive" data could lead to a decline of about 4% in the S&P 500 Index to 5,666 points.
US Morning News Call | Market Focuses on Today's Release of Nonfarm Payrolls
