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Home>U.S. stocks holding tight to record levels as investors wait for jobs data

U.S. stocks holding tight to record levels as investors wait for jobs data

U.S. stocks holding tight to record levels as investors wait for jobs data

10/06/2017

By Barbara Kollmeyer, MarketWatch

Switch, Costco among stocks to watch

Wall Street equities were poised to let slip their grip on record levels at the open Friday, as U.S. stock futures holding steady, as investors waited for an important update on U.S. jobs growth.

What stock benchmarks are doing

Dow Jones Industrial Average futures slipped 13 points to 22,727, while S&P 500 futures eased 1.15 points to 2,548.75. Nasdaq-100 futures were up 3.5 points to 6,069.25.

Boosted by news of a budget resolution passing Congress (http://www.marketwatch.com/story/house-passes-budget-resolution-in-key-step-for-tax-plan-2017-10-05), the Dow Jones Industrial Average on Thursday (http://www.marketwatch.com/story/us-stocks-set-to-hover-at-record-levels-with-fed-speakers-in-the-spotlight-2017-10-05) rose 0.5% to finish at 22,775.39, for its 46th record close of the year. The S&P 500 gained 0.6% to end at 2,552.07, its sixth straight record close and its 43rd such finish this year. The Nasdaq Composite Index closed 0.8% higher at 6,585.36.

For the week as of Thursday, the Dow industrials were looking at a gain of 1.65%. The S&P 500 and Nasdaq Composite were each on track for rises of around 1.3%.

Opinion:The next bear market gets closer every time stocks hit a record (http://www.marketwatch.com/story/complacent-bulls-still-control-this-market-for-now-2017-10-04)

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