Stock futures slip as Wall Street braces for Friday's jobs report: Live updates
Published On Jan 9, 2025, 6:02 PM
U.S. stock futures fell while investors await Friday's jobs report, with expectations for a slower job growth compared to the previous month. Economists predict a gain of 155,000 jobs in December, down from 227,000 in November, with the unemployment rate expected to hold at 4.2%. Market reactions may be muted even if job growth is strong, as it could suggest the Federal Reserve is unlikely to cut interest rates soon. Data from earlier in the week indicated growth in the services industry and slower job creation, contributing to a cautious market sentiment. Major indexes are tracking for weekly losses.
Stock Forecasts
SPY
Negative
Given the projected slower job growth and the expectation that the Federal Reserve may maintain or raise interest rates, market sentiment remains cautious. The anticipated strong jobs report might not lead to a positive market reaction, pointing towards continued market volatility.
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