US equity index futures green; Russell 2000 up ~1%
Jan Nonfarm Payroll
<ul>
<li>estimate; Unemployment rate &lt; estimate</li>
</ul>
Euro STOXX 600 index up ~0.2%
Dollar up slightly; gold gains; crude up &gt;2%; bitcoin down ~2%
US 10-Year Treasury yield rises to ~4.20% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at
<h3>US STOCK FUTURES RALLY, YIELDS JUMP, AFTER HOT JOBS DATA</h3>
U.S. equity index futures are higher after the release of what had been a delayed January nonfarm payroll report due to the recent brief federal government shutdown.
E-mini S&amp;P 500 futures (EScv1) are now up around 0.6% vs. a gain of about 0.2% just before the numbers came out.
The January headline jobs number came in at 130,000 vs. a 70,000 estimate. The prior read was revised to 48,000 from 50,000.
The unemployment rate was 4.3% vs. a 4.4% estimate, and a 4.4% prior reading. Average hourly earnings on a month-over-month and year-over-year basis were hotter than expected. According to the CME’s FedWatch Tool, the probability that the Fed sits on its hands and leaves its current target rate of 3.50%-3.75% unchanged at its March 17-18 FOMC meeting is now at around 94% vs. 78% just before the data was released. The chance that the FOMC cuts rates by 25 basis points is now around 6% vs. 22%.
Interest rate probabilities are now pricing in a total of 50.5 basis points (bps) of cuts through December 2026 vs. 58.6 bps just before the data came out.
The U.S. 10-Year Treasury Yield (US10YT=RR) is now around 4.20%. It was around 4.13% just before the data came out. The yield ended Tuesday at 4.145%.
A majority of S&amp;P 500 (.SPX) sector SPDR ETFs are quoted up in premarket trading. Tech (XLK.P) , Energy (XLE.P) , and Industrials (XLI.P) , all up around 1% or more, are the leading gainers. Real Estate (XLRE.P) , Healthcare (XLV.P) and Staples (XLP.P) are slipping.
The State Street Regional Banking ETF (KRE.P) is up around 0.7%.
Regarding the jobs data, Robert Edwards, chief investment officer at Edwards Asset Management based in Naples, FL, said:
“Wednesday’s delayed jobs report for January was much better-than-expected, which suggests that the labor market is recovering from its hiccups over the past six months. The economy is still churning out jobs, and there is little reason to be concerned about the labor market.” Edwards adds, “Wednesday’s labor report is unlikely to change anything for the Federal Reserve, which is likely on pause when it comes to any further rate cuts until there is a new Fed Chair.”
“We expect some volatility and a 5–15% pullback this year, but I’m sticking to our thesis of a sawtooth pattern year with a year-end rally lifting us to a target of S&amp;P 7,700 and Dow 55,000.”
Here is a premarket snapshot from around 8:54 a.m. ET:
(Terence Gabriel, Karen Brettell)
<h3>EARLIER ON LIVE MARKETS: IS IT TOO LATE TO ENTER KOREA AI MEMORY TRADE? CLICK HERE STOXX 600 DRAGGED LOWER AS WEALTH ADVISORS SINK, EARNINGS MIXED BAG CLICK HERE BEFORE THE BELL: EUROPEAN FUTURES MIXED, LSEG EYED, LOTS OF EARNINGS CLICK HERE YEN ROARS BACK AS US CONSUMER ENGINE SPUTTERS CLICK HERE</h3>
LMNFPDataSet02112026
<img src="https://imageproxy.pbkrs.com/https://fingfx.thomsonreuters.com/gfx/buzz/gkplqnyndvb/LMNFPdata02112026.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1179" height="353" original-src="https://imageproxy.pbkrs.com/https://fingfx.thomsonreuters.com/gfx/buzz/gkplqnyndvb/LMNFPdata02112026.png"/>
LMPremarketPrices02112026
<img src="https://imageproxy.pbkrs.com/https://fingfx.thomsonreuters.com/gfx/buzz/xmpjqamgkvr/LMPremarket02112026.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="605" height="398" original-src="https://imageproxy.pbkrs.com/https://fingfx.thomsonreuters.com/gfx/buzz/xmpjqamgkvr/LMPremarket02112026.png"/>

.SPX

.IXIC

- U.S. equity index futures rose following a better-than-expected January nonfarm payroll report, with the headline jobs number at 130,000 against an estimate of 70,000.  
- The unemployment rate improved to 4.3%, and the U.S. 10-Year Treasury yield increased to around 4.20%.  
- The report suggests a recovering labor market, with interests in further Federal Reserve rate cuts becoming less likely.

Reuters

S&P 500

NASDAQ Composite Index

Dow Jones Industrial Average

Nasdaq

Dow Jones Utility Average

Fidelity MSCI Financials Index

iShares Core S&P US Growth

ProShares Ultra Dow30 ETF

VanEck Semiconductor ETF

VG Value

VG S-Cp Value

Avantis US Large Cap Value ETF

Ultr S&P 500 Pro

Pro UltrPro Dow30

VG Mid-Cap Val

Pro UltrPro S&Pro 500

Avantis Int Small Cap Value

SPDR S&P 500

SPDR Djia

VG S&P 500

SPDR S&P Retail ETF

Global X E-commerce ETF

Financial Select Sector SPDR Fund

Schw Us L-Cp Grw

ProShares Online Retail

Direxion Semicon Bull 3X

Invesco Nasdaq 100 ETF

ISHRS Russ 1000 Growth

iShares Core S&P US Value

VG Growth

Avantis U.S. Small Cap Value

SPDR S&P Software

iShares Core S&P 500

VG Mga Cap 300 Val

ISHRS S&P Glb It

iShares Expanded Tech Software Sector ETF

VG S-Cp Grw

Invesco Semiconductors ETF

Fidelity Nasdaq Composite Index ETF

Pro Shrt S&P 500

ProShares Ultra QQQ

iShares Future AI & Tech ETF

SPDR S&P 600 S-Cp Val

Global X Internet

Global X Robotics & Artificial

Proshares UltraPro QQQ

ISHRS Us Brokers & Sec Exchg

Ark Innovation ETF

ISHRS Russ 2000 Val

LIVE MARKETS-US stock futures rally, yields jump, after hot jobs data