financetom
World
financetom
/
World
/
Stocks Mostly Up Pre-Bell Ahead of January Jobs Report; Asia Churns, Europe Falls
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stocks Mostly Up Pre-Bell Ahead of January Jobs Report; Asia Churns, Europe Falls
Feb 7, 2025 4:51 AM

07:20 AM EST, 02/07/2025 (MT Newswires) -- The benchmark US stock measures were mostly in the green before the opening bell Friday as traders await the national employment situation report for January.

Standard & Poor's 500 and the Dow Jones Industrial Average were slightly in the green in premarket activity, while the Nasdaq edged lower. Asian exchanges were mixed to lower, while most European bourses were trending downwards midday on the continent.

The nonfarm payroll report for last month is scheduled for an 8:30 am ET release. Government data is expected to show that the US economy added 170,000 nonfarm jobs in January, which would mark a slowdown from the 256,000 gain posted for the month prior, according to a Bloomberg poll.

Friday's economic calendar also has the preliminary University of Michigan consumer sentiment report for February at 10 am, along with the preliminary wholesale inventories report for December. The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm, followed by the Federal Reserve's consumer credit bulletin for December at 3 pm.

Fed Governor Michelle Bowman is slated to speak at 9:25 am, while Fed Governor Adriana Kugler speaks at 12 pm.

Shares of Amazon.com ( AMZN ) declined 3.2% pre-bell as the e-commerce giant's revenue outlook for the first quarter fell short of Wall Street's estimates. Pinterest ( PINS ) jumped 21% as the image-sharing platform posted better-than-expected sales for the fourth quarter. Elf Beauty ( ELF ) tumbled 27% as the cosmetics company lowered its full-year outlook.

Fortive ( FTV ) , Kimco Realty ( KIM ) , Avantor ( AVTR ) , Flowers Foods ( FLO ) , Newell Brands ( NWL ) and Frontier Group ( ULCC ) report their latest financial results early Friday, among others.

Before the opening bell, bitcoin rose 1.1% to $97,726, West Texas Intermediate crude oil increased 0.7% to $71.07 a barrel, yields on 10-year Treasuries inched 0.2 basis points lower to 4.44% and gold gained 0.5% to $2,892 an ounce.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wall Street opens lower with focus on Trump's tax bill
Wall Street opens lower with focus on Trump's tax bill
May 26, 2025
(Reuters) - Wall Street's main indexes opened lower on Wednesday, as investors awaited the outcome of a pivotal debate around U.S. President Donald Trump's tax-cut bill that has fanned concerns about the country's growing debt. The Dow Jones Industrial Average fell 322.8 points, or 0.76%, at the open to 42,354.46. The S&P 500 fell 30.3 points, or 0.51%, at the...
LSEG drops plan to add Cboe data to WMR FX benchmarks
LSEG drops plan to add Cboe data to WMR FX benchmarks
May 26, 2025
LONDON, May 21 (Reuters) - The London Stock Exchange Group's ( LDNXF ) FTSE Russell unit has dropped plans to add Chicago Board Options Exchange owner Cboe to the group of currency data providers used to calculate its WMR FX benchmarks after pushback from users. FTSE Russell proposed adding Cboe's data for ten top currencies almost a year ago, but...
Oil price jump sends euro zone yields higher, German curve hits steepest in a month
Oil price jump sends euro zone yields higher, German curve hits steepest in a month
May 26, 2025
(Updates moves, adds context) LONDON/GDANSK, May 21 (Reuters) - Euro zone government bond yields rose on Wednesday as higher oil prices added to pressure on longer-dated bonds, already struggling globally due to worries about countries' fiscal positions, particularly the U.S. Germany's 10-year yield, the benchmark for the euro zone, rose 4 basis points to 2.637%, while Italy's 10-year yield was...
Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Wednesday Trading
May 26, 2025
10:38 AM EDT, 05/21/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were modestly higher Wednesday morning, rising 0.15% to 2,260.96 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and fintech firm Pintec Technology ( PT ) , which advanced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved