Stock futures are little changed ahead of key jobs report: Live updates

Published On Dec 5, 2024, 6:02 PM

Stock futures are nearly flat as traders await a crucial jobs report that could impact the Federal Reserve's decision on interest rates. Major indexes showed mixed movement with stocks such as Ulta Beauty, Lululemon, and GitLab showing significant gains after reporting strong quarterly earnings. Investors are uncertain whether a weak or strong jobs report would be better for the market, with forecasts expecting an increase in nonfarm payrolls for November.

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Stock Forecasts

ULTAView ULTA chart on TradingView

Positive

Ulta Beauty reported stronger-than-expected earnings and revenue, significantly boosting its share price. This positive outlook may attract more investors, signaling a buying opportunity in the short term.

LULUView LULU chart on TradingView

Positive

Lululemon's quarterly results beat forecasts, leading to a jump in its stock price. This performance, along with upward revisions of expectations, suggests potential for further price appreciation.

GTLBView GTLB chart on TradingView

Positive

GitLab's strong earnings and announcement of a new CEO have positively impacted its stock. This momentum may continue as investor sentiment around the company strengthens.

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