S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates
The S&P 500 is on track to finish the week slightly higher, which would mark its 10th straight week of gains and its longest win streak since 1985.
TL;DR
- S&P 500 futures declined, while Nasdaq 100 futures also dipped, and Dow futures remained flat.
- Lululemon Athletica shares plunged 11% in after-hours trading after lowering its full-year earnings and revenue guidance.
- The blue-chip Dow Jones Industrial Average closed at a fresh record high on Thursday, while the S&P 500 added 0.41% and the Nasdaq Composite slipped 0.09%.
- Market participants are awaiting the May nonfarm payrolls report, with economists expecting a lower number of jobs added compared to previous months.
- The S&P 500 is on track for its 10th consecutive positive week, its longest streak since 1985.
- South Korea's Kospi index fell 4.11%, with heavyweights Samsung and SK Hynix dropping significantly, mirroring losses in Wall Street tech names.
- Japan's Nikkei 225 lost 1.1%, Australia's S&P/ASX 200 was 0.2% lower, Hong Kong's Hang Seng index down 0.46%, and the CSI 300 declined 0.29%.
- President Donald Trump stated he would be 'honored' to meet Iran's Supreme Leader Ayatollah Mojtaba Khamenei 'if it was to make a deal'.
- ServiceTitan shares popped 13% after raising its full-year guidance, and Argan gained 12% on strong first-quarter results.
- S&P Dow Jones Indices will maintain current eligibility criteria for index additions, requiring IPOs to trade for at least 12 months before consideration for the S&P 500, potentially delaying SpaceX's inclusion.