www.cnbc.com
U.S. stock futures showed minimal movement before the market opened, reflecting mixed signals from the labor market. Initial jobless claims unexpectedly rose, signaling potential economic weakness. However, this was offset by positive news from the Challenger job cuts report, which showed a significant decrease in planned layoffs. Investors are cautiously assessing these conflicting indicators, leading to a wait-and-see approach before making significant moves. The market’s reaction suggests uncertainty regarding the true health of the economy and its potential impact on corporate earnings.
