Stock futures are little changed ahead of key jobs report: Live updates

Stock futures are little changed ahead of key jobs report: Live updates


Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2024. 

Brendan McDermid | Reuters

Stock futures were near the flatline Friday morning as investors awaited key payrolls data.

Futures tied to the Dow Jones Industrial Average dipped 42 points, or 0.1%. S&P 500 futures shed 0.08%, while Nasdaq 100 futures were flat.

Several companies posted strong quarterly results after the closing bell and saw their shares take off. Ulta Beauty jumped 12% after posting higher-than-expected earnings and revenue for the fiscal third quarter. GitLab and Docusign gained 7% and 14%, respectively, on quarterly beats.

Investors are now turning to Friday’s jobs report, anticipating it will provide a clearer picture into the health of the domestic labor market and shape the Federal Reserve’s rate decision at its Dec. 17-18 policy meeting. Economists polled by Dow Jones expect that nonfarm payrolls increased by 214,000 in November, which would mark a huge hike from October’s gain of just 12,000.

“With market expectations for solid rebound in payrolls, an even stronger print above expectations could force the Fed to think twice about the pace of rate cutting next year,” said Charlie Ripley, senior investment strategist at Allianz Investment Management.

Given the continued strength of the U.S. economy, Fed Chair Jerome Powell has previously said that policymakers don’t need to be “in a hurry to lower rates.”

Stocks closed Thursday’s session lower, retreating from records the major indexes hit in the previous session. Week to date, the S&P 500 is up 0.7%, while the tech-heavy Nasdaq Composite has gained 2.5%. The 30-stock Dow is down 0.3% in the period.



Source

Qualcomm beats on earnings, highlights growth in Meta smartglasses
World

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty Images Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in […]

Read More
JPMorgan to enable crypto purchases via credit cards in Coinbase tie-up
World

JPMorgan to enable crypto purchases via credit cards in Coinbase tie-up

Exterior view of JPMorgan Chase & Co. branch on January 14, 2025 in New York City, New York. Kena Betancur | View Press | Corbis News | Getty Images U.S. banking giant JPMorgan partnered with Coinbase on Wednesday to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in […]

Read More
These stocks have dividends that beat the market — and the companies aren’t stretching to pay out, says Bank of America
World

These stocks have dividends that beat the market — and the companies aren’t stretching to pay out, says Bank of America

Income-focused investors can find attractive dividends in the market right now, but should dig beneath the surface before buying, according to Bank of America. High dividend yields can sometimes mask issues inside companies. Those payout can also be in danger of being cut if corporations run into trouble. For example, Whirlpool currently yields over 8%, […]

Read More