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Stock futures were rising on Thursday, suggesting that investors still haven’t decided if the delayed January jobs report was a good or bad data point for the market.
Futures tracking the Dow Jones Industrial Average rose 139 points, or 0.3%. S&P 500 futures and contracts tied to the tech-heavy Nasdaq 100 also added 0.3%.
The Dow snapped a three-day winning streak on Wednesday, and the other major indexes also closed a touch lower. Stocks initially rose before giving up all of their gains after nonfarm payrolls data showed that the U.S. added 130,000 jobs in January, way above what economists were expecting.
Investors weren’t sure how to take the data. The jobs numbers are a sign that the economy remains resilient, but they could also weaken the case for the Federal Reserve to cut interest rates over the first half of 2026.
The market’s next major focus will be the consumer-price index inflation report, due out on Friday.
The Brent and West Texas Intermediate oil benchmarks both climbed 0.3% on Thursday, as investors fretted that heightened geopolitical tensions between the U.S. and Iran could disrupt crude supplies.
The dollar was flat against a weighted basket of its peers, and the yield on the 10-year Treasury note was unchanged at 4.18%.
