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Stock Futures Drop Ahead of Key Economic Data
Stocks looked set to fall on Tuesday, with investors shifting to a risk-off mood ahead of delayed unemployment data that could help decide whether the Federal Reserve has scope to cut interest rates next year.
Futures tracking the Dow Jones Industrial Average slipped 68 points, or 0.1%. S&P 500 futures dropped 0.2%, and contracts tied to the Nasdaq 100 slumped 0.4%.
The three major indexes all dropped on Monday, with Wall Street dumping tech stocks in a bid to take profit following years of outperformance. Any hopes of a further rally likely hinge on Tuesday’s jobs report, which will cover November employment data plus some October measures.
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