US stock futures hold steady after tech gains, eyes on upcoming jobs data.

From Investing.com: 2025-01-05 20:15:16

U.S. stock index futures hold steady after last week’s tech-driven gains, with investors eyeing upcoming jobs data. Dow futures at 5,991.00, S&P 500 futures at 21,529.75, and Nasdaq futures at 43,028.0 points. NYSE closed Thursday for President Jimmy Carter’s memorial.

Fed meeting minutes and jobs data awaited for rate outlook clarity. Fed speakers include Barkin, Schmid, and Harker. Markets looking for hints on interest rate trajectory amid stable inflation and strong economy. December jobs report expected to show 154,000 new jobs added and 4.2% unemployment rate.

Tech stocks bounce back after year-end slump, leading Wall St higher. Santa Rally boosts positive sentiment as investors capitalize on strong gains. Market sees gains with Nasdaq up 1.8%, S&P 500 up 1.3%, and Dow up 0.8%. NVIDIA, Tesla, Meta Platforms, Intel, and Amazon stocks show gains.

Goldman Sachs predicts S&P 500 to reach 6500 by year-end with 11% return in 2025. Earnings growth expected to be primary driver of market returns. Market analysts optimistic about tech sector performance and overall market outlook for the coming year.



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