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January Jobs Growth Weaker Than Expected, Stifling US Equity Futures Pre-Bell
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January Jobs Growth Weaker Than Expected, Stifling US Equity Futures Pre-Bell
Feb 7, 2025 6:06 AM

08:58 AM EST, 02/07/2025 (MT Newswires) -- US equity futures were little changed pre-bell Friday as traders digested the January jobs report.

The Dow Jones Industrial Average futures flatlined, S&P 500 futures slipped 0.1%, and Nasdaq futures were down 0.1%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $74.69 per barrel and US West Texas Intermediate crude 0.6% higher at $71.03 per barrel.

The January jobs report, released at 8:30 am ET, showed a 143,000 increase in nonfarm payrolls in January following a 307,000 gain in the preceding month, compared with estimates compiled by Bloomberg for a 175,000 gain. The unemployment rate fell to 4% for the month, compared with estimates for a no change at 4.1%.

The Consumer Sentiment index, due at 10 am ET, is seen coming in at 71.9 in February versus 71.1 in January.

In other world markets, Japan's Nikkei closed 0.7% lower, Hong Kong's Hang Seng ended 1.2% higher, and China's Shanghai Composite finished 1% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.05% higher in Europe's early afternoon session.

In equities, shares of Doximity ( DOCS ) were up 22% pre-bell after the company reported fiscal Q3 earnings and revenue that topped analysts' estimates. Pinterest ( PINS ) stock was up 22% after the company posted higher Q4 adjusted earnings and revenue.

On the losing side, BILL Holdings ( BILL ) shares were down 31% after the company issued late Thursday fiscal Q3 revenue guidance that trailed analysts' estimates. ELF Beauty ( ELF ) shares were down 25% after the company lowered its fiscal 2025 guidance on earnings and revenue.

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