US stock futures stable, non-farm payrolls in focus, Gamestop grows

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Investing.com – U.S. stock index futures rose slightly in Thursday evening trading, tracking a peaceful session on Wall Street as investors eagerly awaited key employment data that will likely include interest rates.

A collection of memes GameStop company (NYSE:) was an exception, delivering robust gains in aftermarket trading after influencer Keith Gill said he would hold a live broadcast on Friday.

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Still, Wall Street indexes remained near record highs this week as frail macroeconomic readings in the run-up to Friday confirmed suspicions that the Federal Reserve would have greater confidence in cutting interest rates soon.

remained at 5,364.0 points, while by 19:06 ET (23:06 GMT) it increased by 0.1% to 19,076.25 points. remained stable at 38,970.0 points.

Non-farm payrolls data wrap up a week of frail data

May data will be published on Friday and employment is expected to raise slightly this month, reflecting the continued good labor market situation.

However, a number of other readings this week suggested that the labor market was cooling. decreased, although it was also lower than expected.

Beyond inflation, the labor market is also a key factor the Fed considers when lowering interest rates.

After the frail data, it could be seen that investors quickly increased the risk of the Fed starting the session.

The Fed is biased towards , and is widely expected to leave interest rates unchanged. However, the wait for the meeting is also expected to factor in market caution.

Wall St near record highs, heading for weekly gains

Wall Street indexes closed at an average level on Thursday as market darling NVIDIA Corporation (NASDAQ:) took profits and investors waited for more definitive signals on interest rates.

The index stabilized at 5,352.96 points, but decreased by 0.1% to 17,170.64 points. Both indexes rose 1.4% and 2.6%, respectively, during the week, after reaching record highs on Wednesday.

The index rose 0.2% to end at 38,886.17 points on Friday, but it outpaced its peers this week with a gain of 0.5%. It also remained well below the record levels reached in early May.

Secondary Market Insiders: Gamestop Increases Profits, Docusign Falls

Among major secondary market players, Gamestop meme shares are up about 26% after surging more than 47% during the session. Influencer Keith Gill, or “RoaringKitty,” who helped spark 2021’s meme mania, said he will host a livestream on YouTube this Friday – his first in almost four years.

Last Sunday, Gill revealed he owned about 5 million shares and 120,000 call options in the video game retailer – a position now worth at least $200 million.

Software company DocuSign Inc (NASDAQ:) fell 6% after disappointing second-quarter guidance, even though first-quarter results beat expectations.

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