Wall Street Fluctuates After U.S. Jobs and Retail Sales Data

U.S. stock futures moved near stable levels during Tuesday's trading, as investors assessed a set of delayed U.S. economic data that did not significantly change expectations for Federal Reserve monetary policy.

Non-farm payroll data showed that the U.S. economy added 64,000 jobs in November, exceeding expectations, while the unemployment rate rose to 4.6%, the highest level since 2021, indicating a slowdown in the labor market without entering into a severe contraction.

Meanwhile, retail sales remained stable month-over-month, affected by a decline in spending at auto dealers and gas stations, despite continued strong spending in other sectors, reflecting an uneven picture of consumer demand.

In pre-market trading, major tech stocks showed mixed performance, with shares of Nvidia and Amazon rising slightly, while shares of Microsoft, Apple, Alphabet, Meta, and Tesla declined, and Broadcom continued its losses, with Oracle's stock seeing a limited drop.

Investors are watching market trends in the upcoming sessions, amid ongoing bets on the possibility of a U.S. interest rate cut at least once next year.