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Pre-market Futures Rise Amid Economic Data Expectations

Pre-market futures are trending upward this morning following a solid Friday, with major indexes seeing gains. In light of upcoming economic data, investors may react to potential indicators for stock valuation. While uncertainty persists due to tariffs, sentiment improved overall.

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AI Rating:   6
Pre-market activity shows a positive trend, with the Dow up +126 points (+0.25%), the S&P 500 up +25 points (+0.43%), and the Nasdaq up +140 points (+0.67%). This optimism follows a reassessment after a period of decline from late February. Traders appear to be buying into oversold positions, signaling renewed interest in the market despite concerns like tariffs affecting trade dynamics. However, it’s important to note that these indexes remain in the red over the past month: the S&P 500 is down about -0.5%, the Dow -1.2%, the Nasdaq -1.5%, and the Russell 2000 down -3.7%. **Economic Data and Earnings Reports** Looking ahead, the market is waiting for significant economic data after the opening bell. The final Manufacturing PMI is at 51.6, with estimates for a slight decline in ISM Manufacturing to +50.6%. Additionally, January's Construction Spending is projected to decrease to +0.1% from +0.5%. This impending data may impact investor sentiment and stock valuations. **Jobs Week Insights** Jobs Week kicks off mid-week, starting with the ADP report, expected to show a reduction of 20 million positions month over month to 143K, while the non-farm payrolls report anticipates an increase to +160K. Last week's jump in Jobless Claims to their highest level since December could heighten cautiousness among investors as the market reacts to these indicators. Overall, while there's a positive start to the day in the pre-markets, the existing uncertainties and upcoming economic reports will likely dictate further movements in stock prices, shaping investor expectations and market sentiment. No specific earnings per share, revenue growth, net income, or profit margin figures are discussed in the report, suggesting a focus on market trends rather than individual company performance.
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