--- title: "Stock market today: Dow, S&P 500, Nasdaq futures sink as jobs report blows past expectations Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts." type: "News" locale: "en" url: "https://longbridge.com/en/news/224588849.md" description: "US stock futures fell on Friday as investors reacted to a strong December jobs report, which showed the economy added over 250,000 jobs and the unemployment rate dropped to 4.1%. Dow futures were down 0.7%, S&P 500 futures fell 0.8%, and Nasdaq 100 futures dropped nearly 1%. The robust labor market data raised concerns that the Federal Reserve may increase interest rates, with markets now pricing in a low chance of rate cuts before June. Meanwhile, Walgreens and Delta reported strong earnings, while Nvidia faced pressure due to upcoming chip export restrictions." datetime: "2025-01-10T13:43:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/224588849.md) - [en](https://longbridge.com/en/news/224588849.md) - [zh-HK](https://longbridge.com/zh-HK/news/224588849.md) generator: "portal-rs" --- # Stock market today: Dow, S&P 500, Nasdaq futures sink as jobs report blows past expectations Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts. US stock futures pulled back on Friday as cautious investors digested a final 2024 jobs report that blew past expectations on hiring. Dow Jones Industrial Average futures (YM=F) were down roughly 0.7%, while S&P 500 futures (ES=F) shed 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell almost 1%, leading declines as the major gauges set up weekly losses. The December nonfarm-payrolls report showed a very healthy labor market: The US economy added over 250,000 jobs in December, while the unemployment rate fell to 4.1%. That fed into a dilemma for some on Wall Street: The strong reading could prompt the Fed to nudge rates higher. The 10-year Treasury yield (^TNX) jumped Friday, nudging closer to 4.8%, at its highest levels since late 2023. Fed Chair Jerome Powell and other officials have made it clear they're slowing down on lowering rates. Given that, markets are pricing in just a 5% chance of a cut at their January meeting, with most bets on no easing before June, per the CME FedWatch Tool. DJI - Delayed Quote • USD # (^DJI) Follow View Quote Details 42,635.20 \- +(0.25%) At close: January 8 at 4:43:30 PM EST ^DJI ^IXIC ^GSPC Advanced Chart Meanwhile, investors welcomed a clutch of upbeat earnings. Walgreens (WBA) posted a first quarter profit beat, a sign the healthcare company's turnaround efforts are paying off. Shares rose over 11% in pre-market trading. Delta (DAL) stock jumped nearly 8% after a record year for travel fueled a fourth quarter profit beat and record annual revenue for the airline. But Nvidia (NVDA) shares came under pressure ahead of new chip export curbs expected to be announced by the White House soon. The AI chip leader criticized President Biden for the 11th hour rule changes, which is said were aimed at undercutting the incoming Trump administration. LIVE 2 updates - ![Myles Udland](https://imageproxy.pbkrs.com/https://o.aolcdn.com/images/dims/query-Y2xpZW50PWhhd2tleWUmY29tcHJlc3M9MSZpbWFnZV91cmk9aHR0cHM6Ly9vLmFvbGNkbi5jb20vaW1hZ2VzL2RpbXM_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?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) 4 mins ago Myles Udland ## US labor market finishes 2024 on a high note The US economy added 256,000 jobs in December, the most in nine months and almost 100,000 more than Wall Street had expected as the labor market finished 2024 on a surprising high note. In December, the unemployment rate also fell to 4.1% from 4.2%. Revisions showed the unemployment rate never reached the high of 4.3% reported initially in November. Friday's report saw Treasury yields rise as investors continue to push back expectations for Fed rate cuts in 2025, with no cuts expected now before June. Stock futures turned lower following the report. - 42 mins ago Karen Friar ## Good morning. Here's what's happening today. **It's** jobs day**.** **Earnings**: Constellation Brands (STZ), Delta (DAL), Tilray (TLRY), Walgreens Boots Alliance (WBA) **Economic news**: December nonfarm payrolls report, unemployment rate (December) **Catch up on some stories you may have missed:** ### Related Stocks - [DAL.US](https://longbridge.com/en/quote/DAL.US.md) - [WBA.US](https://longbridge.com/en/quote/WBA.US.md) - [DOW.US](https://longbridge.com/en/quote/DOW.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [001279.CN](https://longbridge.com/en/quote/001279.CN.md) - [ING.US](https://longbridge.com/en/quote/ING.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [Bitget rebuilt a $309 million protection fund after a $388 million hack. 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