Stock Futures Flat After January Employment Data

The 10-year Treasury yield earlier topped 4.47% earlier

Fernanda Horner

Digital Content Manager

Feb 7, 2025 at 9:08 AM

Wall Street is sifting through January's jobs report, with nonfarm payrolls rising a lower-than-expected 143,000 last month, signaling companies adding fewer jobs than expected. In addition, the unemployment rate dropped to 4%. Futures on the Dow Jones Industrial Average (DJIA), Nasdaq-100 (NDX), and S&P 500 Index (SPX) are flat this morning as traders also unpack another batch of earnings, while the 10-year Treasury yield earlier topped 4.47%.

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

Why these 3 chip stocks are facing headwinds.
Cloudflare stock melting up after earnings.
Plus, Expedia reinstates cash dividend; Fortinet's record margins; and video game stock surging.

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts and 1.1 million put contracts exchanged on Thursday. The single-session equity put/call ratio rose to 0.57 and the 21-day moving average stayed at 0.60.
Expedia Group Inc (NASDAQ:EXPE) stock is up 11.2% in premarket trading, after the company announced better-than-expected earnings and revenue for the fourth quarter amid strong travel demand. The travel giant also reinstated its quarterly cash dividend. EXPE is up 53.4% in the last nine months.
Fortinet Inc (NASDAQ:FTNT) beat top- and bottom-line expectations for the fourth quarter, including record operating margins of 39%. The cybersecurity name's 2025 sales guidance also beat estimates. FTNT is up 5.7% before the bell, and sports a 80.2% nine-month lead.
Shares of Take-Two Interactive Software, Inc (NASDAQ:TTWO) are up 9.2% ahead of the open, after the video game company revealed Grand Theft Auto VI will be released this fall. This helped shares brush off a revenue miss for the fiscal third quarter, as well as a downbeat fourth-quarter booking outlook. TTWO added 31.9% in the last nine months.
Inflation data for January is on tap next week.

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European, Asian Markets Digest Economic Data

Stocks in Asia closed mixed on Friday. Traders weighed India's first interest rate cut in nearly five years, as well as Japan’s household spending, which jumped 2.7% year-over-year in December – far exceeding economists’ expectations of a modest 0.2% increase. Despite this upbeat economic data, Japan’s Nikkei slipped 0.7%, likely after the International Monetary Fund (IMF) forecasted another interest rate hike for the Bank of Japan (BoJ) in 2025. South Korea’s Kospi was another regional decliner, shedding 0.6%. Meanwhile, China’s Shanghai Composite climbed 1.2%, and Hong Kong’s Hang Seng rose 1%.

European markets are trending lower this afternoon as investors continue to digest corporate earnings and the Bank of England’s (BoE) interest rate cut. At last check, Germany’s DAX hovers just below breakeven, while France’s CAC 40 slips 0.2% and London’s FTSE 100 declines 0.3%.

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