S&P 500 futures were down 43 points, or 0.7%, ahead of the open.
That’s better than I thought given the jump in jobs and the rise in 10-year yields to 4.75%, the highest since November 2023.
Pre-market lows came after the announcement, but there were some dips in futures buying. We’ll have to see how that pans out as the day goes on.
Spoos
The big winner in pre-sales is Walgreens, which is up 15% on better earnings and a surprise sales improvement.