Morning, Traders!
It is Friday the 8th of December, here are some things to look out for today.
Sentiment
The futures contracts for the S&P 500 and the Nasdaq 100 indexes were little changed on Friday as of 5:30 a.m. in New York, as oil pared its recent losses. On Thursday, fresh enthusiasm about artificial intelligence and the tech industry in general lifted the two benchmarks by 0.8% and 1.5%, respectively. Investors have been taking a breather after the steep November rally as they weigh elevated valuations and the odds that the Federal Reserve can curb inflation without tipping the world's biggest economy into recession. As traders awaited a pivotal US jobs report, stocks rose and bonds fell today.
Docket
08:30 ET
US Employment Data For November - NFP Prep Doc Here
Nonfarm Payrolls - Median Forecast: 183K | Prior: 150K | Range: 275K / 45K
Unemployment Rate - Median Forecast: 3.9% | Prior: 3.9% | Range: 4% / 3.8%
Average Earnings YoY - Median Forecast: 4% | Prior: 4.1% | Range: 4.1% / 3.9%
Average Earnings MoM - Median Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / 0.2%
Average Workweek Hours - Median Forecast: 34.3 | Prior: 34.3 | Range: 34.4 / 34.3
10:00 ET
University Of Michigan December Prelim
Sentiment - Median Forecast: 62 | Prior: 61.3 | Range: 64 / 60.8
1-Year Inflation - Median Forecast: 4.3% | Prior: 4.5% | Range: 4.5% / 4%
5-Year Inflation - Median Forecast: 3.1% | Prior: 3.2% | Range: 3.1% / 3%