Stock market today: S&P 500, Dow, Nasdaq futures tread water with JOLTS jobs data on deck
Published On Jan 7, 2025, 7:20 AM
U.S. stock futures are mostly stable as investors await JOLTS job openings data, which could influence future interest rate decisions. Nvidia's positive news regarding AI developments has provided some market support, with its shares and those of other chipmakers rising. President-elect Trump's tariff policies remain uncertain, causing additional market caution. Overall, stocks are treading water as traders look for directions from forthcoming economic reports.
Stock Forecasts
NVDA
Positive
Nvidia's continued strong performance in AI and chips signals growth potential in the technology sector, making it a favorable investment opportunity.
SPY
Neutral
With ongoing uncertainties regarding tariff policies and jobs data potentially impacting markets, a cautious approach toward the broader market may be prudent, especially in industries sensitive to trade and job reports.
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