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U.S. Stocks Open Mixed as Markets Await Key Jobs Data

Major indices show slight fluctuations, with focus on January payrolls and Federal Reserve policy outlook.

  • U.S. stock futures indicated a mixed opening on Friday, with the Nasdaq and S&P 500 slightly down, while the Dow and Russell 2000 showed marginal gains.
  • Investors are closely watching the January U.S. employment report, expected to show a slowdown in job growth to 170,000, with potential distortions from weather and California wildfires.
  • Amazon shares fell over 4% following weaker-than-expected forecasts for its cloud computing unit, reflecting broader concerns about tech sector spending on AI initiatives.
  • Treasury yields have flattened, with the 10-year yield at 4.43%, as markets anticipate potential Federal Reserve rate cuts later this year, despite current policy remaining unchanged.
  • Global markets remained steady, with mixed performance across Asia and Europe, while commodities such as oil and gold saw modest gains driven by geopolitical and economic factors.
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