As the new week unfolds, U.S. stocks are anticipated to open with a subdued performance, awaiting crucial data releases that will shed light on the health of the labor market. The focus will be on the November payrolls and unemployment data, as well as the latest report on job openings. Dow Jones Industrial Average futures edged up by 8 points, signaling a cautious start, while S&P 500 and Nasdaq Composite futures remained relatively stable.
The week also brings a lineup of notable earnings reports, including GitLab, AutoZone, J.M. Smucker, NIO, Stitch Fix, and others. Additionally, key economic events include the release of the Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday and the Services Purchasing Managers’ Index for November on Wednesday.
Investors will closely watch the employment landscape with ADP’s National Employment Report on Wednesday and the official jobs report, including nonfarm payrolls and the unemployment rate, on Friday. The University of Michigan will round out the week with the Consumer Sentiment Index for December.
