Stock market today: Dow, S&P 500, Nasdaq futures keep rebound alive as key ADP jobs data looms
Yahoo Finance·2025-12-03 00:01

Market Overview - US stock futures showed a modest increase, with Dow Jones Industrial Average futures up 0.2% and S&P 500 futures up 0.1% as investors await jobs data to inform interest-rate expectations ahead of the Federal Reserve policy meeting [1] - The broader market finished higher, driven by strong performances from tech companies like Nvidia, while Bitcoin rebounded after a significant drop [2] Economic Indicators - The ADP private payrolls report, due at 8:15 a.m. ET, is anticipated to provide insights into labor market trends, which could influence the Federal Reserve's upcoming decisions [2][3] - With government data delayed and no nonfarm payrolls report this week, the ADP report is one of the last major labor market indicators before the Fed's decision [3] Company Earnings - Marvell Technology shares surged approximately 10% following a stronger-than-expected quarterly report [4] - American Eagle Outfitters stock rose over 12% after reporting a record-breaking Thanksgiving weekend and raising its full-year outlook [6][7] - For the third quarter, American Eagle reported earnings per share of $0.53, exceeding estimates of $0.43, with revenue of $1.36 billion, a 6% year-over-year increase [7] - Same-store sales for American Eagle increased by 4%, with Aerie comparable sales up 11% and American Eagle comparable sales up 1% [8] - For the fourth quarter, American Eagle expects same-store sales growth of 8% to 9% year-over-year [9] Cryptocurrency Market - Bitcoin reached a two-week high, trading around $93,965 before paring gains to below $93,000, indicating a tentative recovery in the cryptocurrency market [4][5]

Stock market today: Dow, S&P 500, Nasdaq futures keep rebound alive as key ADP jobs data looms - Reportify