STOCK MARKET NEWS: Jobs report due, Samsung profit fall, oil's losses

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December jobs report expected to show hiring cooled. Southwest to review meltdown after union criticizes lack of plan. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Samsung issued a preliminary look at quarterly results that indicated that profit dropped by two-thirds to an eight-year low.

The company supplied a first look at its quarterly earnings report where profit tumbled by two-thirds to an eight-year low.The first major economic report of the new year, December’s employment data out at 0830 ET Friday morning, will give investors further insight into the impact that higher borrowing costs are having on a tight labor market.

The Institute for Supply Management releases its non-manufacturing purchasing managers index for December. is expected to fall one-and-a-half points to 55.0, down from a stronger-than-expected reading of 56.5 in November.

 

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