FX.co ★ US Futures Rise Sharply After Jobs Report

US equity futures climbed on Wednesday after a stronger-than-expected jobs report highlighted a solid economic backdrop for companies. Futures linked to the three main stock indices rose about 0.5%, with Dow-linked contracts extending the index’s record high. Non-farm payrolls increased by 130,000 from the previous month—more than twice the consensus forecast—while the unemployment rate unexpectedly declined. The data contrasted with earlier White House guidance that the report would likely be soft, underscoring resilience in the domestic labor market and pushing back against dovish signals from some Federal Reserve officials. Stock gains were broad-based in premarket trading, with small caps outperforming and helping to offset downbeat corporate earnings that dominated headlines. T-Mobile fell 5% after reporting weaker-than-expected subscriber growth. Robinhood dropped 8% following a fourth-quarter revenue miss, and Mattel plunged 30% after posting disappointing holiday sales.