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Stock Futures Rise With More Jobs Data on Tap

iHub News
Latest News
December 06 2023 01:33AM

Stock futures rose on Wednesday, a day after equities struggled even with more relief from bond yields.

There’s more jobs data on tap in the form of the ADP private-sector employment report, though the report is not a reliable predictor of the jobs data produced from the government that is due on Friday.

Investors will also be listening to the testimony of top bank CEOs including JPMorgan Chase’s Jamie Dimon, who will be in front of the Senate Banking Committee.

Bank of America CEO Brian Moynihan, at a Goldman Sachs conference on Tuesday, gave a warning to the Fed that the central bank will have to be wary about slowing the economy down too much.