U.S. stock futures hovered near the flatline early Friday as markets awaited a possible U.S. Supreme Court decision on President Donald Trump’s tariffs and Friday’s jobs report. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.01%, 0.00%, and 0.03%, respectively, at 3:47 a.m. EST on January 9.
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During Thursday’s regular trading, the three major averages closed mixed, as investors pulled back from high-flying tech stocks amid profit-taking and rising concerns over elevated valuations in the AI sector. The Nasdaq Composite dipped 0.44%, primarily weighed down by sharp losses in key chip and software names like Nvidia (NVDA), Palantir (PLTR), and Broadcom (AVGO). Meanwhile, the DJIA climbed approximately 270 points, or 0.55%, buoyed by gains in industrials and financials, and the S&P 500 eked out a negligible gain of less than 0.01%.
Despite these mixed sessions, U.S. stocks remain poised for weekly gains amid broader optimism from solid economic data and expectations for steady Federal Reserve policy. The S&P 500 is up about 0.9% for the week so far, while the Dow and Nasdaq have gained roughly 1.8% and 1.1%, respectively.
Looking ahead, investors will closely watch key economic reports on inflation expectations and the December jobs report that is expected to show slight gains. Nonfarm payrolls likely rose by 73,000 jobs last month, with unemployment ticking down to 4.5%, according to Dow Jones economist surveys.
Notably, the U.S. 10-year Treasury yield was up, floating near 4.18%. WTI crude oil futures were trending higher, hovering near $58.23 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,473 per ounce on Friday.
Elsewhere, European indexes opened mostly higher on Friday, buoyed by strong gains in defense stocks amid heightened geopolitical tensions and signals of elevated U.S. defense spending under President Trump’s administration.
Asia-Pacific Markets Traded Higher
Asia-Pacific markets traded mostly higher on January 9, propelled by U.S. signals for a substantially elevated defense budget and China’s inflation hitting a three-year high, signaling economic resilience.
Hong Kong’s Hang Seng Index rose 0.32%. In China, the Shanghai Composite gained 0.92%, while the Shenzhen Component added 1.64%. Meanwhile, Japan’s Nikkei grew 1.61%, and the Topix gained 0.85%.
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