OctaFX | OctaFX Forex Broker
Open trading account
Back

US stock futures turn lower after nonfarm payrolls

FXStreet (Córdoba) - US stock futures turned sharply lower as disappointing nonfarm payrolls report fueled concerns over the global growth outlook, weighing on equities.

The US economy created just 142,000 new jobs in September, far below the 203,000 expected, while August and July gains were downwardly revised by a combined 59,000. The unemployment rate stood at 5.1% as expected.

Stock futures that were slightly up before the release made a nasty U-turn. Futures for the Dow Jones fell -1.24%, while S&P 500 futures dropped -1.36% and futures for the Nasdaq-100 index lost 1.31%.

The weak report also raised doubts that the Fed will remain on track to raise interest rates this year.

AUD/USD fails to hold gains after NFP

AUD/USD stretched to fresh daily highs but failed to sustain gains despite broad USD weakness on the back of disappointing nonfarm payrolls data.
Read more Previous

NZD/USD hits 2-week highs after NFP but then retreats

NZD/USD jumped initially after the US employment report but then pulled back erasing part of the gains. Disappointing numbers from the labor market boosted the pair to from 0.6400 to 0.6454, hitting the highest level in two weeks. But the greenback recovered ground against commodity and emerging market currencies amid risk aversion. NZD/USD retreated but remained above 0.6400.
Read more Next
Start livechat