{"id":351031,"date":"2025-12-17T12:14:11","date_gmt":"2025-12-17T12:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/351031\/"},"modified":"2025-12-17T12:14:11","modified_gmt":"2025-12-17T12:14:11","slug":"dow-sp-500-nasdaq-futures-rise-as-oil-climbs-and-wall-street-weighs-jobs-data-signals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/351031\/","title":{"rendered":"Dow, S&P 500, Nasdaq futures rise as oil climbs and Wall Street weighs jobs data signals"},"content":{"rendered":"\n

US stock futures rose on Wednesday, poised to backtrack on a string of recent slumps as oil surged and investors continued to debate what the latest jobs data means<\/a> for Federal Reserve policy and the US economy.<\/p>\n

Contracts on the S&P 500 (ES=F<\/a>) and on the tech-heavy Nasdaq 100 (NQ=F<\/a>) both moved up roughly 0.4%. Dow Jones Industrial Average futures (YM=F<\/a>) added 0.2%, after US stocks finished mixed in Tuesday’s session<\/a>.\u00a0<\/p>\n

Also in focus, oil jumped<\/a> about 2% after President Trump ordered a blockade<\/a> of sanctioned tankers off Venezuela and with the US said to be readying fresh sanctions on Russia<\/a> if it rebuffs a Ukraine peace plan. West Texas Intermediate (CL=F<\/a>) futures climbed to above $56 a barrel, rebounding from the lowest level in almost five years, while Brent (BZ=F<\/a>) traded just below $60.<\/p>\n

After weeks in a data vacuum, Wall Street is trying to find a clear signal in a noisy November jobs report to pinpoint a path for interest rates next year. The data out Tuesday delivered a double surprise: a bigger number of jobs added<\/a> last month than expected, alongside the highest unemployment rate since 2021.<\/p>\n

But analysts warned there could be a sizable margin of error in the print, after a record-long government shutdown that disrupted federal data collection and releases. Markets were pricing in 22% odds<\/a> on a January rate cut on Wednesday morning, down slightly from the day before.<\/p>\n

Two key Fed members on Wednesday could offer clues on the path ahead, as the New York Fed’s John Williams and Fed governor Chris Waller are set to speak at separate appearances. Waller is also reportedly interviewing<\/a> with Trump on Wednesday as the president moves closer to choosing his replacement for Chair Jerome Powell.<\/p>\n

Wall Street is also waiting for the other data shoe to drop: Thursday’s update on consumer inflation in November. The Consumer Price Index is the other pivotal reading called out by Powell as feeding into the Fed’s rate decision next month.<\/p>\n

At the same time, investors’ appetite for tech stocks remains in focus as questions about the AI trade persist. Micron Technology’s (MU<\/a>) quarterly results are due after the bell on Wednesday and are in higher focus as those worries ripple through the sector, even as the US semiconductor maker gets a boost from the memory chip squeeze.<\/p>\n

Tesla (TSLA<\/a>) has boosted the mood for techs in recent sessions. On Tuesday, it notched its first record close in about a year, amid growing investor enthusiasm<\/a> over its robotaxi ambitions.<\/p>\n

LIVE 5 updates \"Jenny Good morning. Here’s what’s happening today. Amazon said to be in talks to invest about $10 billion in OpenAI <\/p>\n

Shares in Amazon (AMZN<\/a>) ticked up in premarket after Reuters reported that it is eyeing a $10 billion investment in OpenAI (OPAI.PVT<\/a>), citing a source familiar with the matter.<\/p>\n

The potential deal, which could value the ChatGPT maker at over $500 billion, comes as some ono Wall Street question the circularity of investments AI providers and Big Tech.<\/p>\n

Reuters reports:<\/p>\n

Read more here<\/a>.<\/p>\n

\"Jenny Premarket trending tickers: Lennar, Brent futures and Micron <\/p>\n

Homebuilder Lennar (LEN<\/a>) stock fell more than 3% before the bell on Wednesday after reporting a drop in its fourth quarter profit. The housing market has been very precarious over the last 12 months as consumers continued to be hurt by affordability concerns.<\/p>\n

Brent futures (BZ=F<\/a>) rose 2% and traded just below $60 a barrel on Wednesday after Present Trump ramped up pressure on Venezuela by ordering a blockade of sanctioned tankers.<\/p>\n

Micron (MU<\/a>) stock rose 3% before the bell on Wednesday. The chipmaker is due<\/a> to report its first quarter financial report after the bell today.<\/p>\n

Oil gains after Trump orders blockade of tankers off Venezuela <\/p>\n

Bloomberg reports:<\/p>\n

Oil advanced from the lowest level since 2021 after President Donald Trump ramped up pressure on Venezuela by ordering a blockade<\/a> of sanctioned tankers off the South American nation.<\/p>\n

Brent (BZ=F<\/a>) climbed toward $60 a barrel after losing more than 5% over the previous four sessions on concerns over a swelling global glut. West Texas Intermediate (CL=F<\/a>) was near $56. Trump said he was ordering a blockade of crude carriers going into and leaving Venezuela, according to a social media post on Tuesday.<\/p>\n

The move is a major escalation and follows the seizure of an oil tanker last week by US forces off Venezuela. The regime of President Nicolas Maduro said the latest action was intended to steal the country\u2019s resources.<\/p>\n

… The move is a major escalation and follows the seizure of an oil tanker last week by US forces off Venezuela. The regime of President Nicolas Maduro said the latest action was intended to steal the country\u2019s resources.<\/p>\n

Read more here<\/a>.<\/p>\n

Bitcoin fatigue sets in as it heads for fourth annual loss <\/p>\n

Bloomberg reports:<\/p>\n

Bitcoin (BTC-USD<\/a>) is headed for the fourth annual decline in its history, and the first one that didn\u2019t coincide with a major scandal or industry meltdown.<\/p>\n

The latest leg down came Monday, with a sharp sell-off that sent the original cryptocurrency falling as much as 3.7% during New York hours. Bitcoin is now about 7% lower for the year. It was trading at about $87,100 at noon in Singapore on Wednesday.<\/p>\n

While the latest decline is a much milder correction than in the previous three down years, it\u2019s happened against a vastly different backdrop. Since the last major crypto crash in 2022, institutional adoption has widened, regulation has matured, and the industry has found its arguably most important champion in US President Donald Trump.<\/p>\n

The rapid lurch lower since bitcoin hit a record of over $126,000 in early October has confounded bulls and left cryptoassets struggling to find a footing. Volumes are low, investors are bailing on bitcoin ETFs and derivatives markets are showing a lack of appetite for betting on a rebound. Even massive buying from the dominant bitcoin whale \u2014 Michael Saylor\u2019s Strategy Inc. (MSTR<\/a>) \u2014 hasn\u2019t been enough to turn things around.<\/p>\n

\u201cMost are surprised by the lack of follow-through despite so many positive catalysts,\u201d said Pratik Kala, a portfolio manager at hedge fund Apollo Crypto.<\/p>\n

Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"US stock futures rose on Wednesday, poised to backtrack on a string of recent slumps as oil surged…\n","protected":false},"author":2,"featured_media":351032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,2071,37432,87,151779,58918],"class_list":["post-351031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy","tag-federal-reserve","tag-jobs-data","tag-president-trump","tag-us-stock-futures","tag-west-texas-intermediate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/351031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=351031"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/351031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/351032"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=351031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=351031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=351031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}