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Stocks Mostly Rise Pre-Bell Ahead of Key Jobs Data; Asia, Europe Strong
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Stocks Mostly Rise Pre-Bell Ahead of Key Jobs Data; Asia, Europe Strong
Jan 7, 2025 4:48 AM

07:17 AM EST, 01/07/2025 (MT Newswires) -- US equity futures mostly edged higher on Tuesday as traders await the first of the key labor market reports scheduled for release this week.

Standard & Poor's 500 and the Dow Jones Industrial Average rose 0.1% each in premarket activity, while the Nasdaq was slightly in the red. Asian and European exchanges were mostly tracking in the green.

The Job Openings and Labor Turnover Survey for November is due at 10 am ET. The ADP Employment report, Challenger Job Cut report and the government's nonfarm payroll data, all for December, are out later this week.

Tuesday's economic calendar also has the international trade in goods and services report for December at 8:30 am, followed by the Institute for Supply Management's services index at 10 am. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 8 am.

US markets will close on Thursday to mourn the passing of former President Jimmy Carter.

GFL Environmental's ( GFL ) stock increased 2.1% as the company agreed to sell its environmental services business to funds managed by affiliates of Apollo (APO) and BC Partners for 8 billion Canadian dollars ($5.59 billion).

Shares of Getty Images ( GETY ) and Shutterstock (SSTK) were up by double digits as the companies agreed to a $3.7 billion merger of equals. Inari Medical ( NARI ) climbed 21% after the medical technology maker agreed to be acquired by Stryker (SYK) for $4.9 billion.

RPM International ( RPM ) , Apogee Enterprises ( APOG ) and Lindsay (LNN) report their latest financial results before the bell. Cal-Maine Foods ( CALM ) , AZZ (AZZ) and AAR (AIR) post earnings after markets close.

Before the opening bell, bitcoin decreased 1.6% to $100,549, West Texas Intermediate crude oil inclined 0.5% to $73.92 a barrel, yields on 10-year Treasuries rose 2 basis points to 4.64% and gold moved 0.3% higher to $2,656 an ounce.

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