Futures slip as megacaps retreat with jobs data, Powell in focus
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Paramount Global gains on possible IAC bid
Tesla slips ahead of deliveries data
Fed Chair Powell to speak at ECB central banking forum
Futures down: Dow 0.39%, S&P 500 0.47%, Nasdaq 0.58%
Updated at 7:18 a.m. ET/1118 GMT
By Ankika Biswas and Lisa Pauline Mattackal
July 2 (Reuters) - U.S. stockindex futures fell onTuesday as megacap stocks retreated after a strong session, with additionalcaution creeping inahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day.
Megacap tech stocks MicrosoftMSFT.O, Apple AAPL.O and Amazon.com AMZN.O all slipped about 0.4% inpremarket trading, pulling back afterjumping 2% to3% in the previous day.
Benchmark 10-year Treasury yields slipped slightly on the day but were hovering around three-week highs, further weighing on rate-sensitive growth stocks.
Meanwhile, TeslaTSLA.O shed 1.3% after Monday's 6% jump ahead of data onthe electric maker's vehicle June-quarter deliveries, expected to fall for two straight quarters for the first time.
AI chip leader Nvidia NVDA.O also dropped 1.1%, with other semiconductor stocks such as Micron Technology MU.O, Marvell Technology MRVL.O and Arm Holdings ARM.O also slipping between 0.4% and 1%.
On the data front, the job openings and labor turnover survey, or JOLTS, is due after market open and is expected to show job openings fell to 7.910 million in May from 8.059 million the month prior.
The data is the first in this week's series of U.S. jobs reports, particularly Friday's non-farm payrolls, which will be crucial in assessing whether the U.S. labor market remainsresilient against the backdrop of decades-high interest rates - a key determinant of economic health.
Investors will parse remarks from Powell in a policy panel before a European Central Bank forum on central banking for further clues on how policymakers have assessed recent data.
As recent data signals a renewed moderation in inflation and some signs of economic weakness, market participants are holding on to their bets around two interest rate cuts by this year-end, starting from September, as per LSEG's FedWatch data.
"We continue to observe that U.S. exceptionalism has somewhat softened. In particular, growing strains were seen on U.S. consumer while the tightness in the U.S. labor market has eased," said analysts at OCBC.
"Our house view continues to expect two cuts for 2024, with the first cut happening sometime in the third quarter."
Other data due throughout the week include ADP National Employment andweekly jobless claims, as well asfactory orders, servicesPMI and the minutesof the Federal Reserve's June policymeeting.
With the equity market closed on Thursday on account of U.S. Independence Day, trading volumes are expected to be light throughout the week.
At 7:18 a.m. ET, Dow e-minis 1YMcv1 were down 154 points, or 0.39%, S&P 500 e-minis EScv1 were down 25.75 points, or 0.47%, and Nasdaq 100 e-minis NQcv1 were down 116.25 points, or 0.58%.
Among other major premarket movers, Paramount Global PARA.O climbed 3.2% after billionaire Barry Diller's digital-media conglomerate IAC IAC.O is exploring a bid to take control of the media giant.
Atlassian TEAM.O rose 2.0% after Piper Sandler upgraded the enterprise software maker to "overweight" from "neutral", while CrowdStrike Holdings <CRWD.O>slipped 2.3% after the same brokerage downgraded the cybersecurity firm to "neutral" from "overweight".
Polestar Automotive Holding's U.S.-listing PSNY.O fell5.0% after theEV maker reported a first-quarter operating loss.
Reporting by Ankika Biswas and Lisa Mattackal in Bengaluru; Editing by Maju Samuel
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
