Stock market today: S&P 500, Dow, Nasdaq futures edge higher with JOLTS jobs data on deck
Published On Jan 7, 2025, 8:51 AM
Futures for the US stock market, including the S&P 500, Dow, and Nasdaq, are trending higher ahead of key job data release. Nvidia's recent movements, particularly following a positive CEO keynote at CES showcasing AI advancements, have contributed to market optimism. Nvidia shares are up significantly, impacting related tech stocks positively. Traders are also closely monitoring potential changes in tariff policies from the new administration, which adds an element of uncertainty ahead of the job openings data which will inform future interest rate decisions.
Stock Forecasts
NVDA
Positive
Nvidia's strong performance in the AI sector and market optimism could influence continued upward momentum in tech stocks, particularly related ones like Micron.
SPY
Positive
General market sentiment may remain favorable as long as job data indicates a resilient economy, likely supporting stock prices in the upcoming sessions.
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