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Stocks Flat, Fed Rate Cut Hopes; Job Market Reports Delayed

Stocks Flat, Fed Rate Cut Hopes; Job Market Reports Delayed

Update: 2025-12-05
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US stocks remained mostly stagnant on Thursday, with investors focusing on new job market and economic data. The anticipation of a potential interest rate cut by the Federal Reserve next week supported the market. However, a decline in Amazon shares limited the S&P 500s upside.Earlier in the week, a Labor Department report indicated a decrease in unemployment claims, reaching a three-year low. Yet, some experts attributed this to the Thanksgiving holiday. A separate report from the Chicago Fed suggested the unemployment rate remained around 4.4% in November.Market participants now expect a quarter-point interest rate cut by the Fed this month, a higher likelihood than previously predicted. The decision awaited, especially after Fed Chair Jerome Powells recent cautious remarks.The main event, the official payrolls report, has been delayed, making it difficult to gauge the economys direction.In corporate news, Salesforce shares rose following raised financial forecasts, while Meta Platforms gained on reports of potential Metaverse budget cuts. Conversely, Kroger shares fell after lowering its sales outlook, and Dollar General surged with an increased profit forecast.

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Stocks Flat, Fed Rate Cut Hopes; Job Market Reports Delayed

Stocks Flat, Fed Rate Cut Hopes; Job Market Reports Delayed