S&P 500, Dow Jones Futures Gain as September Jobs Report Misses Expectations — Transcript

US stocks look set to open in the green on Friday with futures of the Dow [music] Jones, S&P 500, and Nasdaq 100 indices rising following Thursday's [music] higher close. Ahead of Friday's opening bell, investors are focused on the upcoming September jobs report with nonfarm payrolls projected to rise by 90,000 and the unemployment rate expected to hold [music] steady at 4.1% as per FactSet. If met, the payroll gain would mark a slowdown [music] from August's 162,000 increase while remaining comfortably above the 12-month average of 50,300. [music] The Donald Trump administration escalated Operation Economic Outcast by imposing [music] sanctions on Iran's land transportation sector, directly targeting auto giants IKCO and Saipa alongside [music] the state-owned Islamic Republic of Iran Railway Company, according to Reuters.

Meanwhile, the 10-year Treasury bond yielded 5.24% [music] and the 2-year Treasury bond yielded 4.79% at the last check. The CME Group's FedWatch Tool [music] projections show markets pricing in a 23.8% likelihood of the Federal Reserve hiking interest rates at its [music] October meeting. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF, which track the S&P 500 index and Nasdaq 100 index, respectively, [music] were higher in premarket on Friday. The SPY was up 0.52% at $767.99, [music] while the QQQ advanced 0.86% to $748.40.

[music] Stocks in focus for today are: Nike plunged over 10.2% in premarket trading on Friday after reporting mixed first quarter financial results. >> [music] >> Synaptics surged 14.45% in Friday premarket after the company announced it will be acquired by ON Semiconductor for $123 per share under the revised agreement. >> [music] >> Asia Strategy was 7.5% higher after it disclosed that it signed a non-binding memorandum of understanding with [music] Plume to advance real-world asset tokenization across Asia. Mango Solutions plunged 10.28% in Friday premarket after it announced its former subsidiary [music] secured a $2.5 million strategic investment. Corteva declined by 1.03% >> [music] >> after it spun out its seeds and genetics company Vilmorin. Thank you for watching and make sure to subscribe. [music]