S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

The S&P 500 is on track to finish the week slightly higher, which would mark its 10th straight week of gains and its longest win streak since 1985.
S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates U.S. stock futures showed a slight decline, with Nasdaq 100 futures leading the dip, following Lululemon’s significant reduction in its full-year guidance. Investors are now anticipating the May nonfarm payrolls report for further market direction, with expectations of slower job growth. Asian markets, particularly South Korea, experienced sharp declines as Wall Street’s tech sell-off spread.

  • S&P 500 futures declined, while Nasdaq 100 futures also dipped, and Dow futures remained flat.
  • Lululemon Athletica shares plunged 11% in after-hours trading after lowering its full-year earnings and revenue guidance.
  • The blue-chip Dow Jones Industrial Average closed at a fresh record high on Thursday, while the S&P 500 added 0.41% and the Nasdaq Composite slipped 0.09%.
  • Market participants are awaiting the May nonfarm payrolls report, with economists expecting a lower number of jobs added compared to previous months.
  • The S&P 500 is on track for its 10th consecutive positive week, its longest streak since 1985.
  • South Korea’s Kospi index fell 4.11%, with heavyweights Samsung and SK Hynix dropping significantly, mirroring losses in Wall Street tech names.
  • Japan’s Nikkei 225 lost 1.1%, Australia’s S&P/ASX 200 was 0.2% lower, Hong Kong’s Hang Seng index down 0.46%, and the CSI 300 declined 0.29%.
  • President Donald Trump stated he would be ‘honored’ to meet Iran’s Supreme Leader Ayatollah Mojtaba Khamenei ‘if it was to make a deal’.
  • ServiceTitan shares popped 13% after raising its full-year guidance, and Argan gained 12% on strong first-quarter results.
  • S&P Dow Jones Indices will maintain current eligibility criteria for index additions, requiring IPOs to trade for at least 12 months before consideration for the S&P 500, potentially delaying SpaceX’s inclusion.
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