US Market Update

Following a smart recovery in the previous session, the US stock market is likely to open Thursday’s session, 5 March, on a flat note. Futures of the three key averages — the S&P 500, Dow Jones Industrial Average and Nasdaq — are trading mixed at 0.01%, -0.33% and 0.01%, respectively, in pre-market trade as investors await key US economic data releases amid the US–Iran war. Initial jobless claims are due later today, while the more critical unemployment rate and nonfarm payrolls numbers are scheduled for tomorrow, which will provide cues about the US Federal Reserve’s rate-cut outlook.