In pre-market trading, major market indexes are mixed with the Dow down 46 points, S&P 500 up 14, Nasdaq up 144, and Russell 2000 up 1. Q4 earnings season is about to kick off with big banks like JPMorgan and Citi, giving insight into the U.S. economy’s performance.

This week is “Jobs Week” with ADP private-sector payrolls expected to show an increase of 45K new jobs in December. Job openings have risen to 7.67 million in October, but job quits are at their lowest since April 2020. Weekly jobless claims remain low, signaling strength in the labor market.

Stock markets will be influenced by the U.S. invasion of Venezuela and its impact on commodities like oil. ISM Manufacturing data is expected to increase to 48.3% while ISM Services are projected to reach 52.1%. Bond yields are stable at just under 4.18%.

Investors are watching for the Employment Situation report on Friday, with an expected unemployment rate of 4.7% for December. Non-farm payrolls are forecasted to add 54K jobs, indicating ongoing weakness in hiring. A positive report could boost market sentiment, while a disappointing one may raise expectations of a Fed rate cut.

Read more at Nasdaq: Looking Ahead to a New “Jobs Week”