The S&P 500 and Nasdaq futures eked out gains on Monday as investors took a cautious stance after a weak U.S. jobs report raised questions of ...
REUTERS: The S&P 500 and Nasdaq futures eked out gains on Monday as investors took a cautious stance after a weak U.S. jobs report raised questions of slowing global growth, while a slide in planemaker Boeing's shares pressured Dow futures.
The U.S. report on Friday showed employment growth almost stalled in February, which added to economic fears that were already fanned by a sharp fall in China's exports and after the European Central Bank slashed growth forecasts for the region last week. The numbers are expected to show retail sales dipped 0.1 percent in January after a shocking 1.2 percent fall in the month before, which suggested a sharp slowdown at the end of 2018.In a bright spot, the Federal Reserve Chairman Jerome Powell stuck to his dovish message on Sunday. He said the central bank does"not feel any hurry" to change the level of interest rates again as it watches how a slowing global economy affects conditions in the United States.
China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, including eliminating tit-for-tat tariffs, a senior Chinese official said on Saturday.
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