Stock market today: US futures slip as focus turns to looming jobs report amid Mideast wait

Published On Oct 3, 2024, 7:00 AM

U.S. stock futures are declining as investors focus on the upcoming jobs report, shifting their attention away from escalating tensions in the Middle East. The S&P 500 futures fell by 0.3%, while both the Dow Jones and Nasdaq futures dropped around 0.4%. Investors are concerned about a potential downturn in the labor market and its implications for the Federal Reserve's decision on interest rates. Additionally, rising oil prices are posing risks to economic activity. Notably, Levi Strauss shares fell over 10% following a poor revenue outlook, while Tesla experienced a decline after disappointing delivery figures.