Editor’s Note: The future prices of benchmark tracking ETFs, the lede, the headline, and the earnings data were updated in the story.
U.S. stock futures were fluctuating on Wednesday following Tuesday’s negative close. Futures of major benchmark indices were mixed.
ADP’s January employment showed that the U.S. private sector hiring slowed significantly, with employers adding a meager 22,000 jobs amid a broader three-year deceleration in job creation. Despite the lackluster hiring volume, wage growth remained resilient as annual pay for job-stayers rose 4.5%.
President Donald Trump signed a funding deal to end the four-day partial government shutdown, though the brief closure has already triggered delays for critical economic indicators.
Meanwhile, the 10-year Treasury bond yielded 4.27%, and the two-year bond was at 3.58%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | 0.16% |
| S&P 500 | 0.07% |
| Nasdaq 100 | -0.28% |
| Russell 2000 | 0.31% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Wednesday. The SPY was up 0.13% at $690.41, while the QQQ declined 0.24% to $615.01.
Stocks In Focus
Advanced Micro Devices
- Advanced Micro Devices Inc. (NASDAQ:AMD) plunged 7.63% in premarket on Wednesday despite reporting better-than-expected fourth-quarter financial results.
- AMD maintains a stronger price trend over the short, medium, and long terms, with a solid quality ranking, as per Benzinga’s Edge Stock Rankings.
