On January 2, 2025, U.S. equity futures showed little movement ahead of a shortened trading week, with investors anticipating key jobs data. Futures for the Dow Jones Industrial Average remained unchanged, while S&P 500 and Nasdaq 100 futures saw modest gains. The previous week had ended with major indexes experiencing a steady recovery, yet all still posted losses overall. The Dow gained 339.86 points, closing at 42,732.13, while the S&P 500 and Nasdaq rose 1.26% and 1.77%, respectively.
As traders prepare for another week impacted by Federal Reserve interest rate concerns, the New York Stock Exchange will close Thursday in memory of former President Jimmy Carter. The upcoming December jobs report is particularly crucial, as it could influence the Fed’s monetary policy moving forward. Market strategist Callie Cox highlighted the rising unemployment trends and potential issues in hiring that investors need to monitor, alongside bond yield fluctuations. Despite a generally confident outlook for 2025, Cox noted that high expectations might lead to disappointment as economic data unfolds. Notable earnings reports from Constellation Brands, Walgreens Boots Alliance, and Delta Air Lines are expected later in the week.
