FX.co ★ US Futures Steady Ahead of Payrolls Report

U.S. stock futures remained relatively steady on Tuesday, as investors anticipated the release of the November jobs report, a critical indicator of labor market conditions. Additionally, October's retail sales figures are expected later today, while the consumer price index for November is scheduled for release on Thursday. In the trading session on Monday, the Dow Jones Industrial Average experienced a modest decline of 0.09%, the S&P 500 dropped by 0.16%, and the Nasdaq Composite saw a decrease of 0.59%. These declines were largely driven by losses in major artificial intelligence stocks. Notably, Broadcom's shares fell 5.6% and Oracle's fell 2.7%, following Broadcom's report on margin pressure concerns and Oracle's subdued financial guidance. These issues rekindled worries about the profitability and funding of significant AI investments. ServiceNow's shares plummeted 11.5% after it announced the acquisition of Moveworks, highlighting its strategic shift towards deeper integration in AI. Conversely, market segments perceived as more reasonably valued, such as healthcare, utilities, and consumer discretionary stocks, attracted increased investor interest.