Investing.com - U.S. stock futures were trading lower on Thursday evening, following a negative session among benchmark indices as stronger-than-expected ADP employment data renewed concerns of further rate hikes from Federal Reserve policymakers.
By 19:10 ET (23:10 GMT), Dow Jones futures and S&P 500 futures traded flat while Nasdaq 100 futures ticked 0.1% lower.
In extended deals, Levi Strauss & Co (NYSE:LEVI) lost 6.2% after reporting Q2 EPS of $0.04 versus $0.03 expected, while revenues were reported at $1.34 billion versus $1.34B expected. The company also forecasted FY2023 EPS in the range of $1.10-$1.20 versus $1.29 expected.
Ahead in Friday's trade, market participants will be closely monitoring average hourly earnings, nonfarm payrolls, and unemployment data.
During Thursday's session, the Dow Jones Industrial Average fell 366.4 points or 1.1% to 33,922.3, the S&P 500 lost 35.2 points or 0.8% to 4,411.6, and the Nasdaq Composite dipped 112.6 points or 0.8% to 13,679.
On the bond markets, United States 10-Year rates lifted to fresh multi-month highs of 4.031%.