U.S. Stock Market on Friday is set to have another topsy-turvy day with S&P 500, Dow Jones, Nasdaq and Russell 2000 futures down in the pre-market trading. Wall Street fear gauge CBOE Volatility Index (VIX) fell to 15.40. On Thursday, The S&P 500 rose 0.4 per cent for its 10th gain in the last 11 days, a day after dropping from its all-time high. The Dow Jones Industrial Average soared 874 points, or 1.7 per cent, to a record, and the Nasdaq composite slipped 0.1 per cent.
Wall Street investors will keep an eye on the latest jobs report. The pay roll data will be released at 8:30 a.m (ET) on Friday. It will indicate the health of the economy amid fears of rising inflation.
Oil Prices, Gold Rate
Oil prices are witnessing sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon.
Brent crude futures fell 21 cents, or 0.22 per cent, to $95.24 a barrel after settling down 2.84 per cent in the previous session. U.S. West Texas Intermediate crude was at $92.94 a barrel, down 10 cents, or 0.11 per cent, following a 3.1 per cent loss.
Gold price was down by 0.48 per cent to 4,483.20.
USD Dollar, US Treasury Yield
The Japanese yen strengthened 0.02 per cent against the greenback to 160.02 per dollar. The euro was up 0.12 per cent at $1.1609. Against the Swiss franc, the dollar weakened 0.3 per cent to 0.789.
The US dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.46.
U.S. Treasury yields were lower across the board. The yield on benchmark U.S. 10-year notes fell 1.4 basis points to 4.477 per cent.
