(Bloomberg) — US stocks were set for a steady open after days of volatility as uncertainty persists over the health of the American economy and the pace of possible Federal Reserve interest-rate cuts.
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S&P 500 futures were little changed as Nvidia Corp. and Tesla Inc. rose in premarket trading. Europe’s Stoxx 600 index dropped 0.2%, with tech heavyweight ASML Holding NV and luxury stocks among the biggest losers. London-listed miners BHP Group Ltd. and Rio Tinto Group fell after iron ore sank to the lowest since 2022.
Traders are looking to weekly jobless claims data due later today and Friday’s nonfarm payrolls reports to assess whether the US economy is heading for a soft-landing as the Fed prepares to start easing policy. Global stocks suffered their worst losses earlier this week since the Aug. 5 meltdown, with the Cboe Volatility Index remaining…
