U.S. equity futures slipped Tuesday as markets awaited the release of November’s crucial employment figures, a report likely to shape investor sentiment for the remainder of the year.
As of 4:39 P.M. (GMT+7), Dow Jones Industrial Average futures fell by 0.18%, or 85.20 points, to 48,331.50 points. S&P 500 futures retreated 0.30%, or 20.40 points, to 6,796.10 points, while the Nasdaq 100 futures lost nearly 0.47%, or 118.10 points, to 24,949.20 points.
On Monday, weakness in major artificial intelligence stocks led all three major U.S. indexes lower. In the regular trading session, Broadcom dropped around 5.6% to $339.81 per share, ServiceNow fell about 11.5% to $765.20, and Oracle retreated by around 2.7% to $184.90.
Microsoft also ended the day in negative territory, with investors rotating funds out of high-performing AI names and into sectors such as health care and utilities. Despite these declines, the U.S. market remains on course for gains in all eleven S&P 500 sectors this year.
Tuesday’s nonfarm payrolls report is expected to serve as a pivotal moment for equities. Economists surveyed by Dow Jones forecast a gain of 50,000 jobs in November, significantly below September’s 119,000 increase.
The unemployment rate is anticipated to inch up to 4.5% from 4.4% in September. Investors are also awaiting data on October retail sales, set for release on Tuesday, while November consumer price index is slated for release on Thursday.
