Sino-U.S. tensions hit futures ahead of jobs report [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
Sino-U.S. tensions hit futures ahead of jobs report (Reuters) - U.S. stock index futures fell on Friday as President Donald Trump’s moves to ban WeChat and TikTok intensified tensions with Beijing, while investors also braced for data likely to show a sharp slowdown in jobs growth in July. Underlining the disconnect between U.S. economic health and a stimulus-led rally on Wall Street, the Nasdaq closed on Thursday above 11,000 for the first time and the S&P 500 finished about 1% below its record high as traders counted on Congress to agree another coronavirus relief package. But Democratic leaders and top aides to President Donald Trump have so far failed to make substantial progress, with differences partly centered around continuing an extra $600-per-week in unemployment benefits. The Labor Department’s closely watched employment report later in the day could add pressure to speed up negotiations, with a Reuters survey of economists expecting the creation of 1.58 million jobs last m
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