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Stock market today: US futures mark time ahead of pivotal jobs report

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Labor Market,Nvidia,Unemployment Rate

Investors are looking to the monthly jobs report for signs of labor market cooldown pivotal to the odds for a rate cut.

US stocks traded broadly flat on Friday ahead of a monthly jobs report pivotal to hopes for interest-rate cuts, as investors eyed a surge in GameStop shares and a coming Nvidia stock split. S&P 500 and Dow Jones Industrial Average futures hugged the flatline, coming off a lackluster session Thursday for the three major gauges. Contracts on the tech-heavy Nasdaq 100 were also little changed.

The key question will be whether slowing monthly job growth is merely a sign of normalization in the labor market or the early signs of a broader economic slowdown, as Yahoo Finance's Josh Schafer reports. That debate will likely feed into the Fed's deliberations at its policy meeting next week. Read more: How does the labor market affect inflation? The wait is also on for a livestream apparently promised by GameStop booster Keith Gill, aka "Roaring Kitty".

 

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