10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, LULU, AAPL)

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September 1, 2017 2:02 PM

This is what traders are talking about.

Here is what you need to know.

The jobs report is coming. The US economy is expected to have added 180,000 jobs in August as the unemployment rate held at 4.3%, according to Bloomberg data.

The market isn't expecting another rate hike this year. Ahead of the jobs report, there's a 33.8% chance the Federal Reserve hikes interest rates again in 2017, according to Bloomberg's World Interest Rate Probability data.

Gas prices ease. RBOB gasoline futures trade lower by 1.25% at $1.7574 a gallon. Despite the drop, they're still up about 13.5% since Hurricane Harvey made landfall in Texas.

Greece is growing faster than the UK. Greece's economy grew at a 0.5% clip in the second quarter, outpacing the 0.3% growth experienced in the UK, the weakest among the G-7 economies.

The weak pound is boosting UK manufacturing. Britain's manufacturing sector saw a reading of 56.9 in August, up from 55.3 in July, as the "historical weakness" of the pound boosted exports, according to IHS Markit.

Macau casinos see revenue climb for a 13th straight month. Revenue climbed 20% year-over-year in August despite two typhoons leaving parts of the city without electricity and water for four days, Reuters says, citing government data.

Apple hits a record high. Shares of Apple touched an all-time high of $164.52 in the minutes following Thursday's announcement that the launch event for the rumored iPhone 8 would be held September 12.

Lululemon beats as online sales surge. The athletic-apparel maker earned $0.36 a share on revenue of $581.1 million, both ahead of estimates, as online sales jumped 30%.

Stock markets around the world are higher. Japan's Nikkei (+0.23%) gained in Asia, and France's CAC (+0.73%) leads in Europe. The S&P 500 is set to open up 0.14% near 2,475.

US economic data is heavy. Aside from the jobs report and everything associated with it, Markit US Manufacturing PMI and University of Michigan consumer confidence will be released at 9:45 a.m. ET and 10 a.m. ET. US auto sales will be announced throughout the day. The US 10-year yield is up 1 basis point at 2.13%.

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