On February 6, 2025, stock futures were slightly lower as investors prepared for the upcoming jobs report. Futures linked to the Dow Jones Industrial Average fell by 21 points, or 0.05%, while S&P 500 and Nasdaq 100 futures each decreased by about 0.1%.
- Traders on NYSE floor, Feb. 6, 2025
- Stock futures slightly lower ahead of jobs report
- Amazon's guidance disappoints, shares drop 4%
- S&P 500 and Nasdaq show modest weekly gains
- Market volatility expected from Trump administration
- January jobs report due Friday at 8:30 a.m. ET
Investors are closely monitoring the stock market as they anticipate January’s jobs report, set to be released on February 7 at 8:30 a.m. ET. Economists expect nonfarm payroll growth of 169,000, a decrease from December’s 256,000 jobs added. The unemployment rate is projected to remain steady at 4.1%.
In extended trading on February 6, Amazon’s stock fell by 4% following the company’s guidance for revenue growth of only 5% to 9% in the first quarter, marking its weakest growth forecast on record. This overshadowed the company’s strong fourth-quarter earnings, which exceeded expectations.
During the main trading session on February 6, the S&P 500 rose nearly 0.4%, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average, however, dipped approximately 0.3%. Overall, the three major averages are on track to finish the week with modest gains, with the S&P 500 expected to advance by 0.7% and the Nasdaq by 0.8%. The Dow is lagging with a week-to-date increase of about 0.5%.
Market volatility is anticipated due to recent developments, including President Donald Trump’s announcement of 10% tariffs on China and a pause on 25% tariffs on Canada and Mexico. Barbara Doran, CEO of BD8 Capital Partners, referred to the Trump administration as a “wild card” for the market, suggesting that added volatility is likely given current valuations.
As markets react to economic indicators and corporate earnings, investors are advised to stay informed about the upcoming jobs report and its implications for the economy. The mixed performance of major indices reflects ongoing uncertainties in the market.
