Crucial jobs report kicks off December trading: What to know this week
Published On Dec 1, 2024, 7:40 AM
This week's focus in the stock market revolves around the labor market's health, highlighted by the upcoming jobs report set for release on Friday. Investors are optimistic as the Dow Jones and S&P 500 ended November at record highs, helped by a strong performance from major stocks, particularly those in the tech sector. Key economic indicators, such as job openings and private wage growth, are expected to influence future Federal Reserve interest rate decisions. Analysts anticipate that November's jobs report will show a rebound, projecting an increase of 200,000 jobs compared to a lackluster October. Major earnings releases are also scheduled from companies like Salesforce and Lululemon, which will further impact market sentiment.
Stock Forecasts
SPY
Positive
The performance of major indices, particularly the S&P 500, shows a positive trend, fueled by strong tech earnings and an anticipated positive jobs report. Given the historical correlation between strong market performance in prior months and positive December outcomes, the bullish sentiment may continue.
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