Here are the most important news items that investors need to start their trading day:
1. Trimming tech
U.S. stock futures fell Monday as investors were poised to drop key tech stocks. The drop in growth stocks comes as the U.S. 10-year Treasury yield climbs. A stronger-than-expected December jobs report also hit the market Friday, as it lowered expectations for further Federal Reserve interest rate cuts. Stocks will have another potential catalyst this week as fourth-quarter earnings season starts to pick up steam. Follow market updates here.
2. Big bank bonanza
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024.
Mike Segar | Reuters
The biggest U.S. banks will release a flurry of results this week. The updates come after a series of Fed interest rate cuts. Here are the key reports to watch:
3. Blues Origin
4. TikTokers adjust
U.S., Chinese flags, TikTok logo and gavel are seen in this illustration taken Jan. 8, 2025.
Dado Ruvic | Reuters
As a potential ban of social media platform TikTok looms, creators are telling their fans to seek them out on alternatives like Instagram and YouTube. Under a law signed last year, the app owned by Chinese company ByteDance has to be sold or face a ban in the U.S. The Supreme Court has heard arguments on whether to uphold the ban. While lawmakers wanted to bar the app over national security concerns, creators and free-speech advocates have criticized the move.
5. The 2024 job market
– CNBC’s Hakyung Kim, Brian Evans, Ruxandra Iordache, Salvador Rodriguez, Gabriel Cortes and Lisa Kailai Han contributed to this report.