Futures Stumble as Weak Jobs Data Spooks Traders – Crypto Stands Unshaken

Wall Street's traditional markets wobble after another disappointing jobs report—meanwhile, Bitcoin barely flinches. Funny how decentralized assets don't sweat centralized economic data.

Key Points:

- Equity futures dip as labor numbers disappoint (again)

- Crypto markets show minimal reaction—volatility actually down 12% this week

- Traders increasingly treating BTC as a macro hedge against fiat weakness

The old guard panics while digital assets keep stacking blocks. Maybe Jamie Dimon will tweet another warning—that always works out well.

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On Wednesday, the Dow Jones ended a four-day winning streak, slipping 0.22%. In contrast, the S&P 500 and the Nasdaq Composite (NDAQ) gained 0.01% and 0.32%, respectively.

A key factor that weighed on investor sentiment was the disappointing May private sector payrolls report, which showed a slight increase of 37,000 jobs, much below the forecast of 110,000. This major miss fueled worries about a softening job market and its potential impact on the broader economy. Further, the ongoing uncertainty about the TRUMP administration’s tariffs continues to loom over Wall Street.

In major after-hours action, Five Below (FIVE) and MongoDB (MDB) stocks gained 4.6% and 14.6%, respectively, after delivering better-than-expected first-quarter results.

Looking ahead, investors will monitor Thursday’s Weekly Jobless Claims data along with April’s U.S. Trade Deficit and U.S. Q1 Productivity reports. On the corporate earnings front, Broadcom (AVGO), DocuSign (DOCU), and Lululemon (LULU) will release results after the market closes today.

Meanwhile, the U.S. 10-year treasury yield was up, floating NEAR 4.367%. Simultaneously, WTI crude oil futures are trending higher, hovering near $62.87 per barrel as of the last check.

At the same time, the Gold Spot U.S. Dollar Price fell slightly to $3,370 per ounce on Thursday, after strong gains in the previous session. The decline comes as soft U.S. labor data and uncertainty over trade policy continue to support demand.

Elsewhere, European indices might open higher today, as investors await the European Central Bank’s policy decision, with a 25-basis point rate cut widely expected.

Asia-Pacific Markets Traded Mixed Today

Asia-Pacific indices were mixed today, as investors reacted to weak Chinese PMI data and rising U.S.-China trade tensions.

At the same time, the Hong Kong index was up 0.95%. Further, China’s Shanghai Composite and Shenzhen Component indices closed higher by 0.23% and 0.58%, respectively. However, Japan’s Nikkei and Topix indices declined 0.51% and 1.03%, respectively.