S&P Futures Tick Higher Ahead of U.S. Payrolls Revisions
AppleApple(US:AAPL) Yahoo Finance·2025-09-09 09:58

Economic Indicators - The Bureau of Labor Statistics is expected to release a preliminary benchmark revision to payrolls, indicating a potential downward revision of nearly 800,000 jobs for March, suggesting a weakening labor market prior to recent job growth stagnation [1] - U.S. consumer credit rose by $16.01 billion in July, exceeding expectations of $10.40 billion, indicating stronger consumer borrowing [2] Stock Market Performance - Wall Street's main stock indexes ended positively, with Applovin (APP) gaining over 11% after being added to the S&P 500 index [3] - Chip stocks also advanced, with Marvell Technology (MRVL) rising more than 4% and Broadcom (AVGO) gaining over 3% [3] - EchoStar (SATS) surged more than 19% following SpaceX's agreement to acquire wireless spectrum for approximately $17 billion [3] - Summit Therapeutics (SMMT) fell over 25% due to concerns regarding its lung cancer drug [3] Corporate Earnings and Events - Notable companies including Oracle (ORCL), Synopsys (SNPS), and GameStop Corp. (GME) are set to release quarterly earnings [6] - Apple (AAPL) is expected to unveil four new iPhones, including a new iPhone 17 Air, at its major product launch event [6] Bond Market - The yield on the benchmark 10-year U.S. Treasury note is at 4.065%, reflecting a 0.49% increase [7] International Market Developments - The Euro Stoxx 50 Index is down 0.14% as investors await developments in France's financial repair efforts [8] - French industrial production fell by 1.1% month-over-month in July, better than the expected decline of 1.4% [9] - Asian stock markets closed lower, with China's Shanghai Composite Index down 0.51% and Japan's Nikkei 225 down 0.42% [10][12] Pre-Market Stock Movements - Nebius (NBIS) soared over 49% in pre-market trading after securing a $19.4 billion deal with Microsoft [13] - Dick's Sporting Goods (DKS) rose over 1% following a Citi upgrade to Buy [13] - Dell Technologies (DELL) fell nearly 1% after announcing the CFO's departure [14]