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U.S. Stocks May See Further Upside Following Weaker Than Expected Jobs Data

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
wallstreet aug22 09jun23 lt

After ending the previous session notably higher, stocks are likely to see further upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.

The futures advanced following the release of a closely watched Labor Department report showing employment in the U.S. rose by much less than expected in the month of August.

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Global Economics Weekly Update - May 04 – May 08, 2026

May 08, 2026 15:50 ET
Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

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