DJIA futures up 69 points (Il Sole 24 Ore Radiocor) - New York, 21 Aug - US futures were higher as investors prepared for jobs data and minutes from the Federal Reserve that could provide further insight into where interest rates are heading.

Wall Street ended lower yesterday, snapping an eight-day winning streak, its longest of the year. The S&P 500 fell 0.2%, the Dow shed 0.15% while the Nasdaq closed 0.33% lower.

With the market virtually discounting a rate cut in September, traders will be looking at the minutes from the Fed's July meeting, released later today, for clues on whether more cuts could be on the cards later in the year.

Earlier this week Minneapolis Fed President Neel Kashkari said a rate cut next month was a possibility as the labor market had started to show signs of weakening too much.

A report from the Bureau of Labor Statistics today reviewing its monthly estimates of job creation between April 2023 and March 2024 will be closely monitored in case of major revisions.

On the stocks front, shares in Target jumped 14% in premarket trade after the retailer reported better-than-expected earnings and raised profit guidance while Macy's fell more than 6% after trimming its sales outlook. JD.com shares fell 8% after Walmart sold its entire stake in the Chinese e-commerce company.

Futures on the Dow Jones were up 69.00 points, or 0.17%, S&P 500 futures were up 9.25 points, or 0.16%, while futures on the Nasdaq were 25.25 points, or 0.13%, higher.

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(RADIOCOR) 21-08-24 14:14:59 (0306) 5 NNNN