US Stock Futures Dip on Mixed Jobs Report and Amazon's Disappointing Outlook
US stock futures declined on Friday as investors assessed the latest monthly jobs report and Amazon's (AMZN) lackluster revenue forecast.
Jobs Report
The US economy added 143,000 jobs in January, below economists' expectations of 173,000. The unemployment rate fell to 4.0%, slightly beating forecasts of 4.1%.
Market Impact
* S&P 500 (ES=F) futures dropped by 0.2%.
* Tech-heavy Nasdaq 100 (NQ=F) futures declined by 0.2%.
* Dow Jones Industrial Average (YM=F) futures slipped by 0.1%.
Amazon Disappoints
Amazon's stock dropped 3% in pre-market trading after the company's earnings fell short of expectations due to high AI development expenses.
Other Notable Events
* Hedge funds face scrutiny as President Trump proposes tax deduction loophole closure.
* Europe's stock markets remained volatile but were poised for a seventh consecutive weekly gain.
* Chinese tech stocks surge on optimism surrounding DeepSeek's AI model.
Key Insights
* The jobs report may not significantly alter the Federal Reserve's interest rate policy stance.
* Investors remain cautious amid concerns over trade tensions and inflation pressures.
* The tech sector faces challenges in meeting AI demand, potentially impacting companies like Amazon.