Penny Stock Picks
Dow futures fell 80 points, indicating a drop of 115 points at the open. S&P 500 and Nasdaq futures were also in negative territory.
Market participants were reacting to a solid jobs report from Friday. The U.S. economy added 224,000 jobs in June, official payrolls data showed, way above an expected increase of 165,000.
Traders had been betting heavily on the prospect of a Fed rate cut at the central bank’s next policy meeting, amid fears of a slowdown in global economic growth.
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