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Wall Street rebounds with assist from tech; investors eye Trump policies


Published on 2025-01-03 16:01:15 - Reuters
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  • Wall Street's main indexes were poised to open higher on Friday, as investors kept a close eye on upcoming economic data and geared up for potential policy shifts under the incoming Trump administration.

U.S. stock index futures edged higher on January 3, 2025, as investors awaited key economic data releases and anticipated shifts in monetary policy. The market's attention was particularly focused on upcoming reports like the December non-farm payrolls, expected to show a 170,000 job increase, and the Federal Reserve's December meeting minutes, which could provide insights into future interest rate decisions. Additionally, the minutes from the Bank of England's latest meeting were also due, adding to the global economic policy watch. The cautious optimism in the market was reflected in slight gains for major indices, with Dow e-minis up 0.12%, S&P 500 e-minis up 0.15%, and Nasdaq 100 e-minis up 0.21%. This movement came amidst a backdrop of recent economic indicators suggesting a cooling labor market, which might influence the Fed's approach to rate adjustments.

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[ https://www.reuters.com/markets/us/futures-inch-up-with-economic-data-upcoming-policy-shifts-focus-2025-01-03/ ]