Stock Market News: Dow Chasing Another Record High
The S&P 500 and Nasdaq Composite are rising in premarket trading. Meta, Intel and more market movers.
Last Updated:
Feb. 2, 2024 at 5:02 AM EST
What to Watch Today
U.S. stock markets were headed for a broadly positive open on Friday, with the technology sector particularly bright following well-received earnings from Meta Platforms and Amazon.
Attention will now turn to the January jobs report. The U.S. likely added 176,500 jobs in January, according to economists surveyed by FactSet, a decline from December’s 216,000-job gain.
For live coverage and analysis of the jobs report, click here.
Another strong jobs report would give the Federal Reserve further reason to consider delaying interest-rate cuts, after Federal Reserve Chairman Jerome Powell pushed back against a March cut this week.
Meanwhile, the yield on the benchmark 10-year Treasury note is 3.884% early on Friday, broadly flat from the previous day.
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