U.S. stock futures were mixed ahead of Thursday’s session, after Alphabet’s (GOOGL) rally boosted the S&P 500 (SPX) and Nasdaq Composite, even as mounting economic concerns kept pressure on equities. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index were up 0.08% and 0.08%, respectively, at 2:10 a.m. EDT on September 3, while the Dow Jones Industrial Average (DJIA) futures were down 0.07%.
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This follows a mixed performance on Wall Street. The S&P 500 and the Nasdaq Composite, which are heavily weighted with technology stocks, posted solid gains of 0.51% and 1.03%, respectively. This boost was largely due to a rally in shares of Alphabet and Apple (AAPL) after Google successfully avoided a breakup in a key antitrust case.
However, the Dow Jones dipped 0.05%. This was fueled by the latest job openings data, which showed a major drop in available positions to levels not seen since the peak of the pandemic.
Looking ahead, Wall Street will get a clearer picture of the labor market tomorrow with the release of ADP private payrolls and initial jobless claims reports. Also, the S&P final U.S. services Purchasing Managers’ Index report is due on Thursday.