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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...

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Your daily horoscope: June 26, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A Mercury-Saturn link on your birthday means you will need to choose your words carefully over the coming 12 months, because what sounds reasonable to you won’t always make sense to other people. Not all minds move as fast as your own.

ARIES (March 21 - April 20):

If what happens today forces you to scale back on your plans don’t get uptight about it as what occurs later on will more than make up for it. This could in fact be one of those situations when you thank your lucky stars you were prevented from acting.

TAURUS (April 21 - May 21):

No matter how reasonable your point of view may be you will find that some of your colleagues refuse to see sense. That’s okay though because those higher up the pecking order will recognize that you are in the right and will reward you accordingly.

GEMINI (May 22 - June 21):

You must not allow anyone, not even your friends, to cut corners or bend rules. The planets warn if you let just one person get away with something they should really be punished for then everyone will start taking liberties at your expense.

CANCER (June 22 - July 23):

Like it or not you are going to be the center of attention over the next few days, so put on your game face and act as if you are super confident about what you are doing. This is one of those occasions when you may have to bluff it.

LEO (July 24 - Aug. 23):

Others may be inclined to use underhand methods to reach their goals but your sense of fairness won’t allow you to do that. They may gain in the short-term but over time your integrity will be noted and it is you who will win.

VIRGO (Aug. 24 - Sept. 23):

Trust what a friend has to tell you today, even if it goes against everything you think of as rational. There are times when the logical side of your brain can only reveal half the story and you need to rely on someone who is more naturally intuitive.

LIBRA (Sept. 24 - Oct. 23):

Unsettling events may be making you wonder what on earth is going on in the world but don’t let it worry you too much. There is something coming up just a little way ahead that will remind you that the universe is always in control.

SCORPIO (Oct. 24 - Nov. 22):

The more a work colleague or social acquaintance gets on your nerves today the more of an excuse you will have to put some distance between you. You are under no obligation to subject yourself to their negative outlook on life. Just get up and go.

SAGITTARIUS (Nov. 23 - Dec. 21):

If you are in two minds about whether or not to take advantage of an opportunity that could lead to a higher profile and more money in the bank then obviously it is not the right offer for you. The fact that you have doubts is evidence enough.

CAPRICORN (Dec. 22 - Jan. 20):

If you reach out to someone you love today and let them know how much you care they will reciprocate and shower you with positive emotions. There is no good reason why you should be scared of their feelings, nor of your own.

AQUARIUS (Jan. 21 - Feb. 19):

You may have to drop what you are working on today and focus instead on what a friend or family member is doing but it will benefit you in the long-term. If you find time for them now the universe will find even more time for you later on.

PISCES (Feb. 20 - Mar. 20):

There is precious little you can do to change all the bad things going on, so don’t get uptight about them. What you most certainly can do though is to be loving toward the people you interact with on a personal level – that might actually change the world.

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