Stock Market Today: Dow Jones, Nasdaq Futures Advance Amid Cooling Labor Market—UiPath, Snowflake, Lululemon In Focus

15 hours ago

U.S. stock futures rose on Thursday after advancing on Wednesday. Futures of major benchmark indices were slightly higher.

Meanwhile, as Wall Street chatter about a December rate cut and a new Federal Reserve Chair took center stage, President Donald Trump was reportedly contemplating appointing U.S. Treasury Secretary Scott Bessent as his chief economic adviser if incumbent Kevin Hassett is chosen as the next Chairman of the Federal Reserve.

The ADP report on Wednesday indicated that U.S. private employers shed 32,000 jobs in November, missing the forecast for a 5,000 gain and reversing October’s 42,000 additions; this reinforced views of a cooling labor market.

The 10-year Treasury bond yielded 4.09% and the two-year bond was at 3.51%. The CME Group's FedWatch tool‘s projections show markets pricing an 87% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Thursday. The SPY was up 0.095% at $684.54, while the QQQ advanced 0.12% to $624.26, according to Benzinga Pro data.

Transcript

00:00all right futures uh kind of flat ish here uh s&p futures unchanged right now oh you know what

00:14i beg your pardon i had the wrong ticker in there s&p futures up 0.07 percent still very

00:20close to unchanged dow futures up 0.07 percent and the nasdaq futures actually turning red here

00:25down 0.02 percent all three of the indices very very close to unchanged ahead of thursday's open

00:33here let's take a look at some cues from last session financials energy and industrial stocks

00:39recorded the biggest gains on wednesday though utilities and information technology issues

00:44bucked the trend to close lower broadly u.s stocks settled higher with the dow jones rising more than

00:51400 points as weak private employment data cemented expectations for a rate cut next week

00:57meanwhile as wall street chatter about a december rate cut and a new federal reserve chair took

01:03center stage president trump was reportedly contemplating appointing u.s treasury secretary

01:07scott besant as his chief economic advisor if incumbent kevin hassett is chosen for the next

01:14chairman of the federal reserve the adp report on wednesday indicated that u.s private employers

01:19shed 32 000 jobs in november missing the forecast uh for a 5 000 gain and revising october's 42 000

01:28additions the rein this reinforced views of a cooling labor market the 10-year treasury bond yielded 4.09

01:35percent and the two-year bond was at 3.51 percent now we do have some stocks in focus here the first

01:43one is going to be path this is ui path this is an ai name that we've talked about before although it

01:49really hasn't been i would say it's probably not one of the more popular ones uh but nonetheless that

01:55jumped 9.02 percent in the pre-market on thursday after reporting upbeat third quarter financial

02:00results and issuing fourth quarter sales guidance with its midpoint above estimates so a decent report

02:06there markets rewarding it this is one of those that really didn't trade up into earnings and so

02:11we're seeing it trade up post print salesforce is the next stock on our list here that's ticker crm

02:19that rose 2.02 percent after reporting better than expected third quarter earnings and raising its

02:24full year 26 guidance snowflake is melting that's right snowflake ticker snow tumbled 8.87 percent

02:33despite reporting better than expected third quarter results as its operating margin guidance appears to be

02:39weighing on shares it said that it expects an adjusted operating margin of seven percent in the

02:45fourth quarter that's down from 11 percent in the third quarter the next stock on our list is a good

02:52one a popular one i should say lululemon ticker lulu that was up 0.0055 percent that's basically flat

02:59folks as analysts expect it to post quarterly earnings at 221 per share on revenue of 2.48 billion

03:06after the closing bell today the last stock on our list is nauticus robotics that's ticker k-i-t-t

03:14at sword 31.41 percent after reports that commerce secretary howard lutnik has been meeting with the

03:21robotics industry ceos and supports efforts to accelerate growth in that sector

03:26you

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03:36you

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Stock Market Today: Dow Jones, Nasdaq Futures Advance Amid Cooling Labor Market—UiPath, Snowflake, Lululemon In Focus

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