Stock Market Update: S&P 500 and Nasdaq Futures Rise

Jan 10, 2026, 2:17 AM

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US stocks surged to all-time highs on Friday, with the S&P 500 and Nasdaq futures showing significant gains. The S&P 500 (^GSPC) rose by 0.6%, marking a new record close, while the Nasdaq Composite (^IXIC) jumped 0.8% during the session, contributing to a winning week for all major indices.

The market's upward momentum was largely influenced by the December jobs report, which indicated that the US economy added 50,000 jobs last month. This figure fell short of economists' expectations of approximately 70,000 jobs, leading to speculation that the Federal Reserve may maintain current interest rates in the upcoming weeks. The unemployment rate also saw a decline, dropping to 4.4% from 4.6% in November, reflecting a labor market characterized by a "no-hire, no-fire" environment as 2025 came to a close.

Investors were also closely monitoring the potential implications of a Supreme Court ruling regarding the legality of tariffs imposed by the Trump administration. The court's decision, which was expected but not delivered on Friday, could have significant ramifications for US economic policy if the tariffs are deemed unlawful. The next opinion day for the court is scheduled for January 14, 2026.

In addition to the jobs report and tariff ruling, market participants are considering the latest developments in US foreign policy, particularly regarding Venezuela. President Trump announced the cancellation of a second wave of military actions in the country, citing cooperation on plans to rebuild Venezuela's energy infrastructure. This shift in strategy has prompted discussions among global oil companies about the future of Venezuela's vast oil reserves.

On the domestic front, President Trump has directed Freddie Mac and Fannie Mae to purchase $200 billion in mortgage-backed securities. This initiative aims to lower mortgage rates and address growing affordability concerns in the housing market. However, the specifics of this plan remain unclear, leading to cautious optimism among investors as they assess its potential impact on the market.

Overall, the stock market's performance reflects a complex interplay of economic indicators and policy decisions, with investors remaining vigilant as they navigate these developments. The positive momentum in the stock market, coupled with the anticipation of upcoming economic data and court rulings, suggests a dynamic trading environment as the new year unfolds.

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