Stock futures inch higher as traders await jobs report due later this week: Live updates

Published On Oct 2, 2024, 6:04 PM

Stock futures are slightly higher as traders anticipate the upcoming payrolls report scheduled for later this week. While the stock market faces concerns over rising Middle East tensions and other uncertainties, liquidity remains strong due to recent interest rate cuts by the Federal Reserve. Notably, stock prices dipped briefly on Tuesday after increased geopolitical risks. Levi Strauss experienced a nearly 10% drop in after-hours trading due to mixed quarterly results and considerations of selling its Dockers business. Investors are advised to brace themselves for volatility amid current market conditions.

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Stock Forecasts

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Given that the market is currently experiencing downward pressure from geopolitical tensions and specific poor performances from key companies like Levi Strauss, it's likely that the broader market may continue to experience volatility in the short term. However, the liquidity provided by the Fed could alleviate some concerns and support moderate growth going forward.

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