The stock market rebounded on Friday following a volatile holiday-shortened week, with major indices posting weekly losses despite a strong Friday rally. The S&P 500 and Nasdaq declined by 0.5%, while the Dow fell by 0.6%. Investors are closely monitoring upcoming labor market reports for insights into the economy’s direction, particularly the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday and the nonfarm payroll report for December on Friday, which is projected to reveal a job addition of 155,000 and an unemployment rate of 4.2%. Additionally, the ADP report on private-sector job creation will be released Wednesday. Jim Cramer highlighted Nvidia’s strong performance, with expectations for its CEO’s keynote at the CES conference to shift discussions on AI processors. Constellation Brands is the only Club holding set to report earnings this week, with analysts estimating $3.32 earnings per share. Investors will be attentive to growth in their beer business and comments on recent challenges, including proposed tariffs and a new surgeon general warning regarding alcohol risks. Overall, labor market data will be crucial for determining Federal Reserve policy and stock market dynamics in the coming year.
