Dow Jones Futures: S&P 500 Hits High With Jobs Report Due; Nvidia Hasn’t Done This In 20 Years
Dow futures fluctuated Friday ahead of the key January jobs report, with the S&P 500 looking to build on its five-week winning streak. The Nasdaq futures lagged as investors brace for additional interest-rate hikes from the Federal Reserve. Tech giant Nvidia, a bellwether for the chip industry, missed estimates for the second straight quarter and gave a lackluster forecast, marking its first revenue decline in nearly two decades. Meanwhile, investors are eyeing the release of the January nonfarm payrolls report due later Friday for clues on the strength of the labor market and its implications for the Fed’s rate-hike path.
