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 >
MORNING BID EUROPE-Markets long for more signal, less noise on trade
MORNING BID EUROPE-Markets long for more signal, less noise on trade
May 25, 2025
A look at the day ahead in European and global markets from Wayne Cole. It's been a blessedly quiet start to the week, with President Trump more engrossed on his disappointment with Russia, than his trade war. In this case, silence is golden, as the White House's communication on trade has been a lot more noise than signal. Thus, Agriculture...
Oil prices edge higher amid economic uncertainty, OPEC+ supply fears
Oil prices edge higher amid economic uncertainty, OPEC+ supply fears
May 25, 2025
NEW DELHI (Reuters) -Oil prices inched higher on Monday though remained dogged by uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, while the prospect of OPEC+ raising supply cast more gloom. Brent crude futures were up 21 cents, or 0.3%, at $67.08 a barrel, as of 0742 GMT. U.S. West...
Japan's Nikkei rallies for fourth day; Toyota leads auto surge
Japan's Nikkei rallies for fourth day; Toyota leads auto surge
May 25, 2025
(Updates with closing levels) By Kevin Buckland TOKYO, April 28 (Reuters) - Japan's Nikkei rose for a fourth straight session on Monday, driven by automobiles stocks after Toyota Motor ( TM ) revealed it might invest in key parts supplier Toyota Industries ( TYIDF ). Sentiment was also buoyed broadly by some signs of a thaw in the Sino-U.S. trade...
Morning Bid: Markets long for more signal, less noise on trade
Morning Bid: Markets long for more signal, less noise on trade
May 25, 2025
A look at the day ahead in European and global markets from Wayne Cole. It's been a blessedly quiet start to the week, with President Trump more engrossed on his disappointment with Russia, than his trade war. In this case, silence is golden, as the White House's communication on trade has been a lot more noise than signal. Thus, Agriculture...
Copyright 2023-2025 - www.financetom.com All Rights Reserved