Pre-market futures positive after Thursday slide, with big jobs week ahead.

From Nasdaq: 2025-01-03 10:21:00

Pre-market futures are positive after Thursday’s slide, with the Dow +120 points, Nasdaq +80, and S&P 500 +15 points. Bond yield spreads remain slightly elevated, with the 10-year at +4.54% and 2-year at +4.23%. ISM Manufacturing PMI expected to be under 50% again. Next week, Jobs Week begins with JOLTS and ends with the Employment Situation report.

Auto sales delivery reports show Tesla missed expectations, while Rivian reported 14,183 deliveries for December. Rivian’s shares are up nearly +6% but still down -30% from a year ago. Tesla’s CEO is an advisor to President-elect Trump. ISM Manufacturing PMI expected to be below 50% for December. Next week will focus on job reports, with the Employment Situation report on Friday being a key indicator for the Fed’s monetary policy.

Research Chief names a top stock pick with the potential to double in value. The company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter. A recent pullback makes it an ideal time to invest. Zacks experts have chosen their favorite stocks, with one having the most explosive upside potential.



Read more at Nasdaq: Quiet Pre-Market Friday Ahead of Big Jobs Week