Stock futures rise ahead of jobless claims, despite omicron . concerns

US stock futures Recovering as the market continues its volatile week due to concerns about it Corona Virus omicron variable.

Major futures indices are pointing to a 0.6% gain when trading starts on Wall Street.

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Markets were plummeting on Wednesday when the White House announced the first case of Omicron in the United States.

Wall Street’s benchmark S&P 500 finished 1.2% lower after gaining 1.9% earlier today. That was despite surveys showing that US employment and factory activity in November were better than expected.

On Thursday, the second merchants will check work related week report.

The Labor Department came out with the tally of new claims for unemployment benefits last week. The forecast is 240,000, up 41,000 from the previous week’s total of 199,000, which is a 52-year low. Continuing claims, which track the total number of unemployed workers collecting benefits, are expected to fall by 49,000 to 2 million, an epidemic low.

US adds more than half a million jobs – despite worker shortages

On Friday, the November jobs report is expected to show that the US economy added 550,000 new non-farm jobs last month, slightly above the stronger-than-expected October tally of 531,000. The unemployment rate is expected to fall 0.1 percentage point to 4.5%.

In Europe, London’s FTSE shed 0.6%, Germany’s DAX shed 1.1%, and France’s CAC shed 0.8%.

In Asia, Tokyo’s Nikkei 225 lost 0.7%, Hong Kong’s Hang Seng rose 0.6% and China’s Shanghai Composite fell 0.1%.

tape protection the last they change they change %
Me: DJI Dow Jones averages 34022.04 -461.68 -1.34%
SP500 Standard & Poor’s 500 4513.04 -53.96 -1.18%
I: COMP Nasdaq Composite Index 15254.052094 -283.64 -1.83%

On Wall Street, the S&P 500 fell to 4,513.04. The Dow Jones Industrial Average fell 1.3% to 34,022.04. The Nasdaq fell 1.8% to 15,254.05.

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In energy markets, the price of US crude rose $1.03 to $66.64 in electronic trading on the New York Mercantile Exchange. The contract fell 61 cents on Wednesday to $65.57. Brent crude, the global oil price benchmark, rose $1.10 to $69.97 a barrel in London. It lost 36 cents in the previous session to $68.87.

The Associated Press contributed to this report.

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