Stock futures rise post strong jobs report; US adds 130,000 jobs in Jan (vs 70,000 exp), erased 898,000 jobs from Apr 2024-Mar 2025. Dow Jones +0.19%, S&P 500 +0.25%, Nasdaq 100 +0.22%, Russell 2000 +0.59%. Micron (MU) jumps 3.33% post-Morgan Stanley's price target raise to $450.

U.S. stock futures saw an uptick after a dip the previous day, buoyed by a robust January jobs report indicating the addition of 130,000 jobs, exceeding the expected 70,000. This marked a significant improvement over December’s addition of 48,000 jobs. However, the report also revealed a revision eliminating around 898,000 jobs from payroll estimates. The 10-year Treasury bond yield was at 4.175%, with a 3.502% yield on the two-year bond. The market indicated a 94.1% probability of the Federal Reserve maintaining current interest rates in March. Key index performances showed slight gains: Dow Jones (+0.19%), S&P 500 (+0.25%), Nasdaq 100 (+0.22%), and Russell 2000 (+0.59%). Pre-market trading showed the SPDR S&P 500 ETF Trust at $693.57, up 0.23%, and the Invesco QQQ Trust ETF at $614.41, down 0.21%. Micron Technology Inc. (NASDAQ: MU) surged, gaining 3.33% in pre-market trading after a 10% rise previously, triggered by a price target increase to $450 by Morgan Stanley. This rise reflects MU’s strong price trend in the short, medium, and long term.