S&P 500 Futures Lure Traders Ahead of May Jobs Report
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowOn Thursday night, S&P 500 futures fell approximately 0.3%, while Nasdaq 100 futures declined by 0.5%. In after-hours trading, Lululemon Athletica (LULU) shares dropped by 11% after the company revised its full-year earnings and revenue guidance downward. Economists predict only 80,000 jobs were added in May, fewer than the average of 150,000 jobs over the past two months, keeping the unemployment rate steady at 4.3%. The S&P 500 is currently on track for its longest positive streak since 1985, with a growth of less than 0.1% this week.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Lululemon Athletica Inc. (LULU)
Lululemon Athletica is an athletic-apparel company known for yoga and athleisure wear.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier LULU news
- Lululemon (LULU) Cuts Annual Outlook Following Weak Sales Forecasts
- LULU After-Hours Trading Volume Surges with Notable Moves
- LULU Trims Full-Year Sales Forecast Amidst Founder Dispute
- LULU Settles Proxy Battle with Founder Chip Wilson, Board Changes Announced
- LULU Talks with Founder Collapse Due to Demands
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