Preview of US Stock Market | Three major stock index futures rise together, Meir Technology soars after performance, "mini non-farm payrolls" coming tonight in November.
Before the U.S. stock market opened on December 3rd (Wednesday), futures for the three major U.S. stock market indices all rose.
Pre-market Market Trends
1. As of December 3rd (Wednesday), before the US stock market opened, the futures of the three major US stock indexes rose. At the time of writing, the Dow Jones futures were up 0.23%, the S&P 500 futures were up 0.20%, and the Nasdaq futures were up 0.18%.
2. At the time of writing, the German DAX index rose 0.23%, the UK FTSE 100 index fell 0.13%, the French CAC 40 index rose 0.02%, and the Euro Stoxx 50 index rose 0.34%.
3. At the time of writing, WTI crude oil rose 1.38% to $59.45 per barrel. Brent crude oil rose 1.18% to $63.19 per barrel.
Market News
ADP Employment Data is Coming! The stability of the US private sector in November is expected to increase internal dissent among the labor market resilient or intensify the Federal Reserve. There is a significant difference in forecasts for the number of new jobs added in November: the FactSet survey expects the private sector to add 40,000 jobs, but the media consensus expects an increase of only 5,000 jobs, reflecting continued mixed signals in the labor market. Due to the government shutdown, the official employment reports for October and November by the US Bureau of Labor Statistics (BLS) have been postponed to December 16th, later than the Federal Reserve meeting on December 9-10. Therefore, this week's ADP data will be forced to be an important reference for policy before the government shutdown. However, Morgan Stanley also cautions that the predictive ability of ADP over the past year has been weak, and its weekly data often cannot accurately estimate monthly employment outcomes. If the November job growth is close to the more optimistic expectations of the market, showing that the labor market resilience is still there, this may further differentiate opinions within the Federal Reserve on whether to lower interest rates in December.
Under pressure from the "shadow chairman," the market bets on a more aggressive rate cut by the Federal Reserve in 2026. Over the past few days, as Kevin Hassett, the Director of the White House National Economic Council, quickly emerged as the hottest candidate to replace Powell as the head of the Federal Reserve, the market began to...
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