Market watchers are anticipating today's job report, which is expected to show unemployment remained steady in December; U.S. stock futures are slightly lower after markets were closed yesterday for former President Jimmy Carter's funeral; insurance stocks are dropping in premarket trading as damage estimates for the Los Angeles wildfires soars to up to $150 billion; Delta Air Lines (DAL) stock is surging on better-than-expected Q4 results; and Taiwan Semiconductor Manufacturing Co. (TSM) shares are moving higher as the chipmaker posted stronger-than-e🍸xpected revenue. Here's what investors need to know today.
1. Jobs Report Expected to Show𓃲 Stable Unemployment
Market watchers are bracing for today's 8:30 a.m. ET release of the monthly U.S. jobs report, with 澳洲幸运5官方开奖结果体彩网:unemployment expected to have remained stead𝓰y in December. Economists surveyed by Dow Jones Newswires and The Wall Street Journal expect that employers will report 155,000 new jobs in December, down from the 227,000 jobs added in November but slightly above the 143,000 jobs added on average for each of the past six months. The unemployment rate is expected to hold at 4.2%, remaining relativ⭕ely low by historical standa𒉰rds.
2. US Stock Futuresꦬ 𝓡Slightly Lower Ahead of Jobs Report
U.S. stock futures are slightly lower after markets were closed yesterday to honor former U.S. President Jimmy Carter. After 澳洲幸运5官方开奖结果体彩网:inching lower Wednesday, Nasdaq futures are down 0.3% as investors await December job numbers. 澳洲幸运5官方开奖结果体彩网:S&P 500 and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are down 0.3% and 0.2%, respectively. Bitcoin (BTCUSD) is up more than 2% to trade at nearly $95,000, and oil and gold fuꦿtures also are higher. Yields on the 10-year Treasury note are little changed.
3. Insurance Stocks Drop as Wildfires Da🅺mage Estimate Soars
Shares of 澳洲幸运5官方开奖结果体彩网:insurance companies are declining in premarket trading amid a soaring damage estimate for the Los Angeles-area wildfires. The total damage and economic loss attributed to the wildfires is estimated at 澳洲幸运5官方开奖结果体彩网:between $135 bil💖lion an꧒d $150 billion, according to updated AccuWeather figures as of Thursday night, up from $52 billion to $57 billion one day prior. Shares of Allstate (ALL) are 5% lower, while those of Travelers (TRV) and Chubb (CB) are down 4%.
4. Delta Air Lines Stock Jumps as Resu🌠lts Top Expectations
Shares of Delta Air Lines (DAL) are surging 7% in premarket trading after the 澳洲幸运5官方开奖结果体彩网:carrier beat fourth-quarter estim🌞ates. Delta reported a December-quarter adjusted profit of $1.85 per share on revenue of $15.56 billion, above Visible Alpha expectations of $1.76 and $14.89 billion, respectively. Delta 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ed Bastian said the company expects 2025 financial results to be t﷽he best in the company's history. "As we move into 2025, we expect strong demand for travel to continue," Bastian said.
5. TSMC Stock Rises on Bett🥃er-Than-Expected Revenue𓆏 Report
U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) are 1.2% higher in premarket trading after the chipmaker reported 澳洲幸运5官方开奖结果体彩网:rev♛enue t꧟hat beat analysts' estimates. TSMC's revenue for the quarter ending in December was 868.46 billion New Taiwan dollars ($26.35 billion), above Visible Alpha consensus of NT$854.82 billion. TSMC, which supplies tech firms including Apple (AAPL) and Nvidia (NVDA), said its 2024 revenue came to NT$2.89 trillion, a 34% year-over-year surge.