US stocks set to open marginally lower after the stronger US jobs report

June 07, 2024 at 02:28PM
The US jobs data came in stronger than expected with non-farm payroll rising 272K versus 185K estimate. The unemployment rate did move higher to 4.0% as a participation rate fell.

US yields are higher with the 10 year yield now up 12.7 basis points at 4.408%. However, the 10 year yield was up at 4.638% eight trading days ago (on May 29).

The 2-year yield is up 12.5 basis points at 4.838%.. It was as high as 5.002% on May 29.

Dow Industrial Average was -66 points

S&P index -13 points

NASDAQ index -32 points

looking at some of the large-cap stocks

Nvidia shares are trading down around 1% in premarket trading.

Apple shares are up 0.06%.

Meta Platforms shares are up 0.28%

Amazon, unchanged

Alphabet +0.12%

HUBFX

The USD is higher. See technicals of the EURUSD, USDJPY and GBPUSD after jobs data by clicking here.

In other markets :

Crude oil prices are up around $0.24 at $75.79.

Gold prices are down $-49 or -2.06% at $2326.80

Silver is down $1.37 or -4.4% at $29.90

Bitcoin is trading at $71,338 which is near the middle of the range between $71,949 on the top side and $70,615 on the downside.

This article was written by Greg Michalowski at www.forexlive.com.

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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