The S&P 500 and Nasdaq Composite posted three-day win streaks on Thursday.The S&P 500 and Nasdaq Composite posted three-day win streaks on Thursday.
Traders work on the floor of the New York Stock Exchange on Feb. 6, 2025.
NYSE
Stock futures were slightly lower Thursday evening as investors braced for January’s big jobs report.
Futures tied to the Dow Jones Industrial Average lost 21 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures slipped about 0.1% each.
In extended trading, Amazon tumbled 4%. Guidance from the e-commerce giant disappointed investors, as Amazon called for revenue growth of 5% to 9% in the first quarter — its weakest growth on record. The outlook overshadowed top- and bottom-line beats in the fourth quarter.
During Thursday’s main trading session, the S&P 500 rose nearly 0.4%, and the Nasdaq Composite added 0.5%. The Dow dipped roughly 0.3%.
All three major averages are on track to finish the week with modest gains. The S&P 500 is on pace for a 0.7% advance, while the Nasdaq is tracking for a 0.8% gain during the period. The Dow is lagging, with a week-to-date increase of about 0.5%.
Stocks have managed to rebound from the sell-off on Monday after President Donald Trump over the weekend announced 10% tariffs on China. He agreed to pause 25% levies on Canada and Mexico.
The Trump administration will pose a “wild card” for the market, BD8 Capital Partners CEO Barbara Doran said Thursday on CNBC’s “Closing Bell: Overtime.”
“There’s going to be add[ed] volatility in the market, particularly with valuations where they are in general for the market,” she said.
Traders’ focus now moves toward January’s jobs report, which is slated for release on Friday at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting nonfarm payrolls growth of 169,000 for the month, which is lower than the 256,000 jobs added in December. The unemployment rate is also expected to hold steady at 4.1%.