December Jobs Data, Potential Court Verdict on Trump's Tariffs in Focus as US Equity Futures Tread Water Pre-Bell

MT Newswires Live01-09

US equity futures were little changed pre-bell Friday ahead of the crucial monthly jobs report and a potential Supreme Court decision on tariffs that could shape economic outlook.

Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% higher.

The Supreme Court could issue a ruling on whether President Donald Trump can invoke national emergency laws to impose sweeping tariffs without Congressional approval, media outlets reported.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $62.44 per barrel and US West Texas Intermediate crude 0.8% higher at $58.22 per barrel.

The December jobs report, scheduled for release at 8:30 am ET, is expected to show a 70,000 increase in nonfarm payrolls following a 64,000 rise in the preceding month. The unemployment rate is seen declining to 4.5% from 4.6% in the prior month, according to estimates compiled by Bloomberg.

The January Consumer Sentiment index, due at 10 am ET, is seen coming in at 53.5 versus 52.9 previously.

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