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Stock futures edge lower ahead of key jobs report

Stock futures edge lower ahead

The futures of the stocks plummeted on Friday morning following a rally on Wall Street as investors awaited a report on key operations on Friday.

The futures tied to the Dow Jones Industrial Average have fallen by 91 points or 0.29%. The future of the S&P 500 fell 0.36%, while the future of the Nasdaq 100 fell by 0.44%.

Levi Strauss shares gained more than 3% after the stock when the trader reported quarterly profits that exceeded expectations and increased his profits.

GameStop dropped by almost 5% in late trading when the company fired its chief financial officer and said it would lay off employees as part of a change plan. The stock gained 15% in the regular session, a day after a video game retailer announced that its board had approved a 4-for-1 stock split.

“You just don’t see the capitulation just yet, I think there’s a little bit more that needs to happen between now and the July Fed meeting,” Mark Newton, head of technical strategy at Fundstrat, said on CNBC’s “Closing Bell: Overtime” on Thursday. He added that stocks could pull back as early as Friday’s session.

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