Traders work on the floor of the New York Stock Exchange on Feb. 6, 2025.
NYSE
Stock futures were little changed early Friday as January’s big jobs report loomed.
Futures tied to the Dow Jones Industrial Average gained 20 points or 0.04%. S&P 500 futures and Nasdaq 100 futures also traded near the flatline.
Amazon lost more than 2% in premarket trading, weighing on sentiment. Guidance from the e-commerce giant disappointed investors, as Amazon called for revenue growth of 5% to 9% in the first quarter — its weakest growth on record. The outlook overshadowed top- and bottom-line beats in the fourth quarter.
Traders’ focus is on the January jobs report, which is slated for release on Friday at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting nonfarm payrolls growth of 169,000 for the month, which is lower than the 256,000 jobs added in December. The unemployment rate is expected to hold steady at 4.1%.
During Thursday’s main trading session, the S&P 500 rose about 0.4%, and the Nasdaq Composite added 0.5%. It marked the third winning session in a row for the two indexes. The Dow underperformed, dipping roughly 0.3%.
All three major averages are on track to finish the week with modest gains. The S&P 500 is on pace for a 0.7% advance, while the Nasdaq is tracking for a 0.8% jump during the period. The Dow is lagging, with a week-to-date climb of about 0.5%.
Stocks have managed to rebound from Monday’s sell-off, which came after President Donald Trump over the weekend announced 10% tariffs on China. He agreed to pause 25% levies on Canada and Mexico.
The Trump administration will pose a “wild card” for the market, BD8 Capital Partners CEO Barbara Doran said Thursday on CNBC’s “Closing Bell: Overtime.”
Expect “volatility in the market, particularly with valuations where they are in general for the market,” she said.