US stock futures are pointing higher this morning, with contracts linked to the S and P 500 up about 0.3 percent, as investors juggle strong US jobs signals against shifting interest rate hopes. Weekly jobless claims dropped to 214,000, meaning fewer people are filing for unemployment and the job market is still running warm, which can keep wages and prices firm. At the same time, the 10 year Treasury yield has eased to around 4.16 percent and markets now see only up to two interest rate cuts next year. This mix pulls rate sensitive sectors such as tech, small caps and real estate sharply into focus as investors weigh growth against the risk that borrowing costs stay higher for longer.
Today’s tricky mix of hot jobs data and stubborn yields makes undervalued stocks based on cash flows more urgent than ever.
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NIKE (NKE) climbed 4.64 percent after Apple CEO Tim Cook publicly praised the brand.
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Micron Technology (MU) rose 3.77 percent as investors rotated into leading memory and AI infrastructure plays.
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Target (TGT) gained 2.36 percent on steady consumer demand and optimism around holiday traffic.
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Macro focus will stay firmly on global central banks and growth signals as investors recalibrate US rate cut expectations.
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Japan Policy Watch: BoJ Summary of Opinions (BOJDTR) on Sunday may hint at timing and pace of any future tightening.
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US Labor Signals: Fresh jobless claims this week will test whether today’s surprisingly low filings are the start of a new downtrend.
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US Growth Pulse: Upcoming industrial production and capacity utilization revisions will clarify whether manufacturing is stabilizing or slipping back.
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Global Tech Demand: Latest Taiwan industrial production surge will help gauge how durable the AI and electronics rebound really is.
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