Dow, S&P 500, Nasdaq Futures Tip Lower After Cool Jobs Report

On By Littum

The US equity futures angled lower on Friday when investors digested a highly expected monthly job report and Amazon’s (Amzn) disappointing revenue prospects.

Contracts of S&P 500 (ES = F) and the technical-heavy Nasdaq 100 (NQ = F) dropped 0.2%. Dow Jones Industrial Average Futures (YM = F) Tip 0.1% lower on the heels of a mixed day for warehouses on Wall Street.

The US economy added 143,000 jobs in January, less than the 173,000 expected by economists, while unemployment crossed down to 4.0%against expectations of 4.1%.

The job report has become more crucial to the hope of another Cuture Rate Rate-Rentes Race. Investors are watching cracks on the stability of the market as they eye President Donald Trump’s customs push and the chances of higher inflation.

But Friday’s reading is likely to be a game election for bold, economists believe that keeping alive bets that there will be no rate cut until the central bank’s June meeting.

Meanwhile, the eyes of Amazon’s (Amzn) were earnings after joining Google (Goog) and other AI-focused big tech companies in disappointing Wall Street with its revenue prospects. Amazon shares fell about 3% in trading before the market and repeated withdrawals after Google and AMD (AMD) in the midst of doubt about high AI development expenses.

But the three major stock meters are on their way to closing the earningspiece week with small winnings, even after unpredictable customs news from Trump kept the merchants on their toes.

The president has now put his eyes on hedge funds with a plan to close a favorite tax deduction’s loophole for fund managers. An adjustment of the closely monitored state and local tax (salt) deduction was also on his administration’s list of tax priorities outlined on Thursday.

LIVE 5 updates

  • Ines Ferré

    US added 143,000 jobs in January while unemployment dropped to 4%

    Yahoo Finance’s Josh Schander reports:

    The US labor market showed continued signs of resilience in January when unemployment unexpectedly fell and wages grew more than expected.

    Data from Bureau of Labor Statistics Published Friday showed that unemployment fell to 4% in January from 4.1% the month before.

    143,000 new jobs were established in January, less than the 170,000 expected by economists, and lower than the 307,000 seen in December. December’s monthly job gains were revised higher from a previous reading of 256,000.

    Read more here.

  • Europe stocks wobble but drive toward 7. Weekly victory

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    Pan-Europeean Stoxx 600 (^stoxx) The index kept stable, not far away from the record heights as it looked its seventh weekly win in a row. By 2025 so far, European stocks have listed their best performance compared to their American colleagues of about 10 years.

    In individual benchmarks, Germany’s dax (^gdaxi) rose 0.1%, while CAC (^fchi) in Paris traded flat.

    London’s FTSE 100 -Index (^FTSE) Glide approx. 0.3%, after waving Thursday on the heels of an interest rate set up by the Bank of England, who made unexpected Dovish comment.

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