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Stocks Mixed, Yields Rise Ahead of US Jobs Data; Defense Shares Climb
Futures edged up as investors anticipate December jobs data that could influence Federal Reserve rate decisions; markets also respond to mortgage bond purchases and corporate earnings.
- On Friday, futures for the S&P 500 and Dow Jones Industrial Average rose about 0.1% and Nasdaq futures ticked up 0.2% as investors awaited the December jobs report.
- Because the government missed an October report and November was distorted, the December jobs report is the first clean labor-market reading in three months, and economists expect subdued hiring last month.
- Corporate updates and a presidential mortgage-bond directive drove sector divergence, lifting U.S. homebuilder stocks 1% to 2% after President Donald Trump directed mortgage bond purchases, while General Motors warned of a near $6 billion fourth-quarter hit, sending shares down nearly 2%.
- After the jobs release, Treasury yields were mixed with the 10-year Treasury holding at 4.19% and the two-year Treasury ticking up to 3.50% as traders adjusted rate-cut odds.
- The Fed's three cuts to end 2025 and markets' expectations for further reductions frame the longer-term outlook, suggesting lower rates are likely this year, though patience may be needed.
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Wall Street ticks toward a record following mixed data on the job market
NEW YORK — U.S. stocks are ticking higher Friday following a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but does not slam the door on it. Read more...
·Vancouver, United States
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Wall Street tracking toward tiny gains in premarket ahead of the latest US jobs report
Markets on Wall Street were leaning toward tiny gains early Friday ahead of the Labor Department’s release of the latest U.S. employment data. Futures for the S&P 500 and the Dow Jones Industrial Average were up around 0.1% before the bell, while Nasdaq futures ticked up 0.2%. U.S. homebuilder stocks continued to rise, though more […]
·Toronto, Canada
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Coverage Details
Total News Sources35
Leaning Left5Leaning Right2Center20Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 19%
C 74%
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