U.S. stock futures recovered early losses ahead of the Federal Reserve's PCE inflation data. Netflix announced an $82.7 billion deal to acquire Warner Bros Discovery, while job cuts fell 53% month-over-month in November. Markets anticipate potential interest rate cuts in December.

Two apparel retail stocks, Zumiez and Shoe Carnival, are experiencing significant drops in their growth metrics due to underwhelming financial performance and market challenges.

US stock futures are down ahead of the upcoming jobs report, with the Nasdaq and S&P 500 futures declining. Traders are cautious due to concerns about the economic outlook and the Federal Reserve's policy trajectory.

Explore Zumiez's (ZUMZ) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

Zumiez (ZUMZ) posts lower sales in first-quarter fiscal 2024 due to a comparable sales decline of 2.4%. It reports a narrower-than-expected loss per share.

U.S. stocks are priming for a narrowly mixed start ahead of the all-important non-farm payrolls data, an important piece of economic evidence the Federal Open Market Committee would consider while deliberating on the Fed funds rate next week. The May consumer price inflation report is due only Tuesday just ahead of the rate decision. Tamer-than-expected job numbers and benign average hourly earnings could give hopes for at least a dovish message from the central bank and a benign dot-plot curve. The futures market currently prices in a 97.7% probability of a pause decision next week. Meme stock volatility could also create some volatility in the market. Futures Performance (+/-) Nasdaq 100 +0.04% S&P 500 -0.05% Dow -0.02% R2K -0.30% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.06% to $534.32, while the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.03% at $463.50, according to Benzinga Pro data. Cues From Previous Session: Wall Street ended narrowly mixed as traders digested the previous session’s advance that took the S&P 500 and the Nasdaq Composite to record highs. Traders also exercised restraint ahead of the non-farm payroll data. The 30-stock Dow Jones Industrial Average ended modestly higher, while the Nasdaq Composite and the S&P 500 Index edged down. Small-cap stocks underperformed despite a pick up in buying interest in meme stocks ...Full story available on Benzinga.com

ZUMZ earnings call for the period ending March 31, 2024.

Zumiez (ZUMZ) delivered earnings and revenue surprises of 24.56% and 3.39%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?

Board Approves New Stock Repurchase Authorization Board Approves New Stock Repurchase Authorization

Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth. The rate-cut premise based on which the market has been rallying could be put to the test with a couple of labor market readings due Thursday. After the Bank of Canada became the first G-7 central bank to cut rates, the first one in about four years, all eyes would be on its counterpart from across the Atlantic. The European Central Bank is widely expected to begin lowering rates despite inflation remaining an irritant. A cut by the bank could provide a further thrust to Wall Street ahead of next week’s Federal Open Market Committee meeting. Futures Performance (+/-) Nasdaq 100 +0.05% S&P 500 -0.01% Dow -0.07% R2K -0.43% In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.01% to $534,61, while the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.09% at $463.93, according to Benzinga Pro data. Cues From Previous Session: U.S. stocks advanced strongly on Wednesday, with the smaller-than-expected private jobs added in May and the stronger-than-expected service sector activity data providing a big thrust to the market. These data allayed both inflation and growth concerns. The increase in risk appetite manifested well and truly in growth-focused tech stocks. Nvidia Corp. (NASDAQ:NVDA) rallied over 5%, leading the gains in the tech space. The Nasdaq Composite and the S&P 500 Index hit fresh intraday and closing highs during the session. Index Performance (+/-) Value Nasdaq Composite +1.96% 17,187.90 S&P 500 Index +1.18% 5,354.03 Dow Industrials +0.25% 38,807.33 Russell 2000 +1.47% 2,063.87 Insights From ...Full story available on Benzinga.com

Hibbett (HIBB) delivered earnings and revenue surprises of -0.37% and 0.52%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?

Sportsman's Warehouse (SPWH) delivered earnings and revenue surprises of -23.68% and 0.15%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?