From Nasdaq:

Investors were taken by surprise with three consecutive down days to start the year, but the stronger-than-expected December jobs report provided a slight boost on Friday. The report revealed that 216,000 new jobs were created, exceeding the anticipated 170,000. The Dow, S&P 500, and Nasdaq rose slightly in response.

Continuing from the previous summary, Friday’s strong jobs report could lead the Fed to reconsider the urgency and frequency of expected rate cuts. The sustained jobs growth hints at a stronger economy despite the negative week for the stock market. Investors are now weighing that data against the first quarter S&P 500 estimates and multiple expansion discussions.

Tilray Brands is set to report earnings soon, and Wall Street expects a narrower per-share loss and higher revenues compared to the year-ago period. The company has faced challenges in the cannabis market but has also made improvements. The stock has seen significant fluctuations and will be closely watched for signs of a turnaround.

Citigroup is also preparing to report earnings, with expectations of a per-share decline in earnings compared to the same period last year. Despite underperforming the S&P 500 index, the stock is seen as undervalued, with significant potential for growth in the new year.

Delta Air Lines is expected to release earnings before the open, and Wall Street is anticipating a decline in earnings on higher revenues compared to the previous year. Although the stock has not performed as expected, industry projections indicate strong potential for growth in the coming year.

Wells Fargo will report earnings before the open, with expectations of higher per-share earnings and revenue compared to the same quarter last year. The outlook for the company is positive, with hopes for continued growth and expansion.



Read more: Earnings to Watch (C, DAL, TLRY, WFC)