US Futures Flat After Mixed Jobs Report
2025-12-17 00:16
By
Jam Kaimo Samonte
1 min. read
US stock futures were little changed on Wednesday as mixed labor market data failed to strengthen expectations for further Federal Reserve interest rate cuts.
The November jobs report showed payroll growth of 64K, slightly above forecasts, but October figures were revised sharply lower and the unemployment rate rose to 4.6%, the highest since 2021, underscoring a gradually cooling labor market.
Retail sales were flat on the month, reinforcing signs that consumer demand is losing momentum.
In regular trading on Tuesday, the Dow and the S&P 500 fell 0.62% and 0.24%, respectively, while the Nasdaq Composite gained 0.23%, supported by a rally in Tesla to a new record high.
Investors are now looking ahead to remarks from Federal Reserve officials Christopher Waller and John Williams later on Wednesday, as well as the closely watched November consumer inflation report due on Thursday.