Top 5 Market Insights Before Today’s Trading Begins

Market Highlights for February 7, 2025

U.S. stock futures are mostly steady as investors await the January employment report, anticipated to reveal slower job growth with unemployment holding steady at 4.1%. Amazon shares declined following a revenue forecast that fell short of expectations. Meanwhile, Pinterest saw a surge in stock price driven by strong user and revenue growth, and E.l.f. Beauty’s shares dropped after lowering its sales outlook. Here’s a detailed breakdown of today’s key market developments.

1. U.S. Stock Futures Remain Stable Ahead of Crucial Jobs Report

Futures for major U.S. stock indices show little movement prior to the release of the January jobs data. The S&P 500 and Dow Jones Industrial Average closed Thursday’s session just under 1% from their record highs, while the Nasdaq remains approximately 2% below its peak. Bitcoin has gained 1%, with oil and gold futures also trending upward. The benchmark 10-year Treasury yield holds steady above 4.4%.

2. January Jobs Data Expected to Reflect Slower Hiring Pace

Economists forecast that U.S. employers added around 169,000 jobs in January, signaling a slowdown from December’s robust numbers. The unemployment rate is projected to remain steady at 4.1%. Federal Reserve officials are closely monitoring these labor market indicators, which influenced the recent decision to maintain interest rates without further cuts.

3. Amazon Shares Dip Amid Disappointing Revenue Guidance

Amazon’s stock fell by 3% in premarket trading after reporting fourth-quarter earnings that exceeded estimates but issuing a first-quarter revenue forecast below analyst expectations. The company posted net sales of $187.8 billion and earnings of $20 billion ($1.86 per share), beating consensus estimates. However, anticipated revenue for the next quarter ranges between $151 billion and $155.5 billion, lower than the $158.58 billion forecast, partly due to adverse foreign exchange impacts.

4. Pinterest Stock Climbs on Record Revenue and User Growth

Pinterest shares surged 20% premarket following the announcement of revenue surpassing $1 billion for the first time, reaching $1.15 billion—an 18% year-over-year increase that slightly exceeded estimates. Monthly active users rose 11% globally to a record 553 million, reflecting strong platform engagement.

5. E.l.f. Beauty Shares Plummet After Lowering Sales Forecast

E.l.f. Beauty’s stock dropped over 25% in premarket trading after the company revised its fiscal 2025 sales outlook downward due to soft January sales. The full-year sales projection now stands between $1.3 billion and $1.31 billion, below the previous forecast of $1.315 billion to $1.335 billion and missing consensus estimates. The stock has lost nearly half its value over the past year.

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