U.S. shares were mixed today, with futures for the S&P 500 inching up 0.1% and Dow Jones Industrial Average futures falling 0.2%, the Associated Press reports.
On Friday, Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates this week.
Treasury yields pushed higher after a highly-anticipated report said U.S. employers added only 12,000 workers to their payrolls last month, far short of the 115,000 in hiring that economists were expecting and the 223,000 jobs that employers created in September.
Another report said U.S. manufacturing contracted last month by more than economists had expected. It’s been one of the areas of the economy hurt most by the Federal Reserve’s high interest rates.
Oil prices went up after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. U.S. benchmark crude oil gained $1.41 to $70.90 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, picked up $1.37 to $74.47 per barrel.
In currency dealings early today, the dollar slipped to 152.17 Japanese yen from 152.42 yen late Friday.
