Dow Futures Dinged by Disappointing Jobs Data

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December payrolls rose by just 199,000 last month

Futures on the Dow Jones Industrial Average (DJI) are slipping this morning, after a lackluster December jobs report. The last month of 2021 saw payrolls rise by just 199,000, significantly lower than the anticipated growth of 422,000. What’s keeping Wall Street in check, however, is the unemployment rate of 3.9%, which is slimmer than the expected 4.1%. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are pointed lower as well, while February-dated oil prices face off with the $80 level, last seen at $80.21 per barrel.

Continue reading for more on today’s market, including:  

  • Watch this earnings report if you’re curious about cannabis stocks.
  • Did you miss this bank stock’s breakout?
  • Plus, a chipmaker’s upbeat guidance; Sonos’s big win; and DraftKings puts its flag down in New York.   

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.4 million call contracts traded on Thursday, and 890,330 put contracts. The single-session equity put/call ratio rose to 0.60, and the 21-day moving average stayed at 0.48.
  2. STMicroelectronics NV (NYSE:STM) stock is up 3.7% in electronic trading, after the chipmaker issued a fourth-quarter revenue guidance higher than Wall Street’s estimates. STM is up nearly 25% year-over-year heading into today. 

  3. Sonos Inc (NASDAQ:SONO) stock is up 3% before the open, after the International Trade Commission (ITC) ruled that Alphabet (GOOGL) infringed on Sonos audio patents. SONO was up 19% in the last 12 months heading into today. 
  4. The shares of DraftKings Inc (NASDAQ:DKNG) are marginally higher ahead of the bell, riding yesterday’s tailwinds that stemmed from news that the sports betting company is launching mobile betting in New York this Saturday. Despite yesterday’s 4.7% pop, DKNG is down 58% in the last nine months.

Inflation Results Weigh on European Bourses

Asian markets were mixed on Friday, as the U.S. Federal Reserve’s decision to aggressively taper economic stimulus continued to weigh. Hong Kong’s Hang Seng led the gainers with a 1.8% pop, while South Korea’s Kospi added 1.2%. Elsewhere, China Shanghai Composite shed 0.2%, while Japan’s Nikkei was slightly below breakeven with a 0.03% loss.

European stocks are mostly lower, after preliminary data showed inflation in the euro zone surged to a record high in December. Investors are now turning to the European Central Bank (ECB), which could implement policy changes in response to the reading, while monitoring stateside jobs data. At last check, the German DAX is 0.4% lower, France’s CAC 40 is down 0.2%, and London’s FTSE 100 is slightly above breakeven with a 0.04% gain.