Stock Market Today: S&P 500, Dow Futures Gain As Jobs Data Weighs On Outlook—Lennar, Micron Technology, Children's Place In Focus

2 days ago

U.S. stock futures rose on Wednesday after Tuesday’s mixed close. Futures of major benchmark indices advanced.

November's delayed and distorted jobs report, released on Tuesday, failed to provide clarity, widening the divide among Wall Street economists debating whether the rise to 4.6% unemployment signals a controlled cooling or the start of a “hiring recession.”

Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.50%. The CME Group's FedWatch tool‘s projections show markets pricing an 80.1% likelihood of the Federal Reserve leaving the current interest rates unchanged.

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 Wednesday. The SPY was up 0.21% at $680.28, while the QQQ advanced 0.23% to $613.15, according to Benzinga Pro data.

Transcript

00:00all right futures in the green today ahead of wednesday's open s&p futures up 0.32 percent

00:14dow futures up 0.23 percent and the nasdaq futures lead the way higher at 0.42 percent

00:21also worth noting here we do get cpi for the eu or for uh the uk i should say uh that comes today

00:29we'll see if that has any impact on the market but the other thing i want to draw your attention to

00:33we talked about it a little bit yesterday medline this is actually going to be the biggest ipo of

00:392025 and yes i it's a tad odd i guess that it's coming two weeks until the end of the year but

00:46nonetheless medline will ipo here today it was priced between 26 and 30 i believe that ipo price

00:52is going to be a little bit closer to 29 if i'm not mistaken the ticker is mdln and as always we

01:00don't know exactly what time it's going to begin trading here today but that will be today and it

01:05should probably be around the noon hour if i had to guess uh let's take a look at some cues from last

01:12session here scroll down to it on tuesday the information technology consumer discretionary

01:19and communication services sectors posted gains while energy health care real estate financials

01:25industrials consumer staples utilities and material sectors all declined actually uh we had higher

01:33than average volume yesterday too for whatever that's worth november's delayed and distorted jobs

01:38report which was released on tuesday failed to provide clarity widening the divide among wall street

01:43economists debating whether to uh whether the rise to 4.6 percent unemployment signals a controlled

01:50cooling with the start of a quote hiring recession end quote meanwhile the 10-year treasury bond yielded

01:574.16 percent and the two-year bond was at 3.5 percent we have several stocks in focus here today and

02:04the first one we're going to start with is lennar the home builder which reported earnings yesterday

02:08that was 3.78 percent lower after reporting mixed financial results for the fourth quarter after the

02:14market closed on tuesday reported fourth quarter revenue of 9.37 billion which beat the analyst

02:21estimate of 9.02 billion lennar uh down here this morning slightly in the pre-market uh looks like we're

02:28down at about 111 after closing at 117 and a half micron is the next stock on our list here today

02:36shares jumped 3.36 percent in the pre-market ahead of its earnings which don't come till after the closing bell

02:42analysts are expecting earnings of 393 per share on revenue of 12.81 billion

02:48children's place ticker plce that slumped 32.11 percent after posting worse than expected third quarter

03:00financial results the company reported a quarterly loss of 18 cents per share compared with the analyst

03:06consensus estimate of 70 cents per share big time miss there um children's place closed at about 7.35

03:15yesterday it is at the lows and trading at 493 here in the pre-market the overnight low was 462

03:23it's really shown no strength to bounce yet so i know sometimes when these stocks really pull back

03:30there can be a trade on just kind of a dead cat bounce there but we are not seeing signs of that

03:35yet uh we'll see if that changes here plce down 32 plus percent the next stock on our list here is

03:43going to be paranovis entertainment technology that's ticker pavs it declined 3.91 percent after

03:51it announced it will execute a one for 100 reverse split and its class a ordinary share is effective at

03:58market open on thursday the last stock on our list here is added text i think i'm pronouncing that

04:06right anyway tickers adtx that surged 38.03 percent following the company's filing for a definitive

04:13proxy statement for special stockholder virtual meeting scheduled for january 30th of 2026

04:2180 tx uh it's about a dollar 96 here in the pre-market that closed at a dollar 42 yesterday

Stock Market Today: S&P 500, Dow Futures Gain As Jobs Data Weighs On Outlook—Lennar, Micron Technology, Children's Place In Focus

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