What is the Supreme Court ruling on tariffs?

The Supreme Court is expected to rule on the legality of President Trump's tariffs, which could significantly impact U.S. trade policy.

What are the expectations for the December jobs report?

The December jobs report is anticipated to show modest job growth, with nonfarm payrolls likely increasing and the unemployment rate slightly decreasing.

Which stocks saw losses on Thursday?

Technology stocks, including Nvidia, Palantir, and Broadcom, experienced losses, contributing to the Nasdaq Composite's decline on Thursday.

Home / Business and Economy / Jobs Report, Tariffs Loom: Markets Hold Breath

Jobs Report, Tariffs Loom: Markets Hold Breath

9 Jan

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Summary

Futures point to a modest rise ahead of key economic data.
Supreme Court ruling on tariffs could impact trade policy.
December jobs report expected to show slight improvement.

Jobs Report, Tariffs Loom: Markets Hold Breath

U.S. stock futures saw modest gains Thursday evening as markets prepared for significant economic developments. Investors are keenly watching for a Supreme Court decision on President Trump's tariffs, a ruling that could influence trade dynamics and the national fiscal outlook. This anticipation has led some companies to adopt a cautious stance regarding inventory.

Simultaneously, the December jobs report is due Friday morning, with economists forecasting an addition of 73,000 nonfarm payrolls. The unemployment rate is predicted to decrease slightly to 4.5%. These figures are crucial for assessing the health of the labor market and the broader economy.

In separate trading on Thursday, there was a noticeable shift away from technology stocks, with the Nasdaq Composite experiencing a decline. Conversely, the Dow Jones Industrial Average recorded gains. Despite sector rotations, stocks are on track for a positive weekly performance.