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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Market Gains Amid Nvidia Earnings Analysis

 

On Thursday, U.S. stock futures saw an uptick as investors digested Nvidia’s latest earnings report. The Dow Jones Industrial Average futures rose by 0.4%, while S&P 500 futures increased by 0.3%. The tech-heavy Nasdaq 100 futures also edged up by 0.1%.

Nvidia’s earnings report revealed a profit beat for the third quarter, but the company forecasted its slowest revenue growth in seven quarters due to supply chain issues. These constraints are expected to limit deliveries of Nvidia’s new flagship Blackwell chip, pushing potential revenue boosts into the future.

Despite the mixed reactions to Nvidia’s earnings, the broader market showed resilience. Investors are also keeping an eye on upcoming economic data, including weekly jobless claims, which will provide further insights into the labor market and the Federal Reserve’s interest rate decisions.

Elsewhere in the tech sector, Alphabet’s shares saw a slight decline following the Department of Justice’s request for Google to divest its Chrome browser. Meanwhile, Bitcoin continued its upward trajectory, reaching a new all-time high above $98,000.

As the market navigates these developments, investors remain focused on the potential impacts of economic policies and corporate earnings on future growth.




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