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U.S. stock futures retreated on Friday as cautious investors digested the final 2024 jobs report, which added to uncertainty about the path of interest rates this year, beating past expectations on jobs. blew up

Dow Jones Industrial Average Futures (YM=F) were down about 0.7 percent, while S&P 500 futures (ES=F) down 0.8 percent. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell nearly 1%, leading the major gauges to post weekly losses.

gave December’s nonfarm payrolls report showed a very healthy labor market: The U.S. economy added 250,000 jobs in December, while the unemployment rate fell to 4.1 percent. This is good news. The bad news: That put some on Wall Street in a quandary, meaning the strong reading could prompt the Fed to raise rates.

10-year Treasury yield (^TNX) continued a recent rally on Friday, tumbling to near 4.8 percent, its highest level since late 2023.

In recent days, Fed Chair Jerome Powell and other officials It has been clarified They are slowing down at lower rates. Amidst this tone and after the jobs reveal, markets are seeing no easing in prices before July. According to the CME FedWatch tool.

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Meanwhile, investors welcomed the encouraging earnings. Walgreens (WBA) A first-quarter profit beatsymbolizing the payoff of a healthcare company’s transformation efforts. Shares rose more than 11 percent in premarket trading.

delta (Dal) stock is up nearly 8 percent after a record year Fourth quarter profit increase and record annual revenue for the airline.

But Nvidia (NVDAShares came under pressure ahead of new chip export restrictions soon to be announced by the White House. AI chip leader Criticized President Biden made 11th-hour changes to the rule, aimed at undermining the incoming Trump administration.

live 2 updates

  • Miles abroad

    The US labor market ended 2024 on a high note.

    The American economy 256,000 jobs were added in December.the most in nine months and nearly 100,000 more than Wall Street expected as the labor market ended 2024 on a surprisingly high note.

    The unemployment rate also fell to 4.1 percent from 4.2 percent in December. The revision showed that the unemployment rate never reached the peak of 4.3 percent initially reported in November.

    Friday’s report saw Treasury yields rise as investors continued to push back expectations of a Fed rate cut in 2025, with no cuts expected before June. Stock futures fell after the report.

  • Good morning, here’s what’s going on today.

    This is Job days.

    Earnings: Nakshatra Brands (STZ), Delta (DAL), Tilray (TLRY), Walgreens Boots Alliance (WBA)

    Economic news.: Nonfarm Payroll Report, Unemployment Rate (December)

    Check out some stories you may have missed:



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