Skip to main content

Dow Jones futures reverse drop below 36k on better than forecast US jobs data

The reaction in the US equity futures space to the better than forecast US jobs data saw the Dow Jones futures slide below 36k. The low seen was somewhere around 35,975. However, those futures have now taken back the initial losses and rebounded. To be honest that reversal seems to been line with the current trend, but there is no guarantee the price action on the opening will not balk at some point. Look, that was good data from the US this afternoon, whichever way you want to cut it. There is an argument that this is good for stocks too and that could explain the rebound we are now seeing in the Dow Jones futures, as they further digest this news. The price is currently indicating a reopening at around 36,100 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!