Stock futures were up this morning trying to hold off a 4th consecutive day of losses as traders are torn between a hot job market and the worries of soaring Covid-19 infections. Wednesday showed the DJIA and S&P 500 posting their 3rd consecutive days of losses as the tech-based Nasdaq fell for the first time this week. The market has taken bad news in stride, but August’s poor jobs data put a damper on 4th quarter strength. Another release by the Labor Department showed that open jobs hit a new record with nearly 11 positions remaining unfilled. New jobless claims came in today at 310,000, a pandemic era low. It yet remains to be seen how investors will try to sort the hot job market that is losing steam based on all the new cases of the Delta variant Covid-19 strain.
Support today is 449300 and 447500 with resistance showing 453000 and 454500.