Stock market today: Dow, S&P 500, Nasdaq waver after January jobs report smashes expectations

Economic Data - The US economy added 130,000 jobs in January, with the unemployment rate decreasing to 4.3% from 4.4% [3] - Revisions to 2025 payroll growth showed a significant decrease to 181,000 from a previously reported 584,000, marking the weakest annual job growth since 2003, excluding recessions [4] Market Reactions - The Dow Jones Industrial Average fell approximately 0.4%, while the Nasdaq Composite declined by 0.2%, and the S&P 500 remained near the flatline after initial gains [2] - The strong jobs report has influenced market expectations regarding Federal Reserve rate cuts, with over 40% of traders anticipating the Fed will maintain current rates through June, while two cuts are still expected by year-end [5] Corporate Earnings - Upcoming earnings reports from major companies like McDonald's and Cisco are anticipated to provide insights into consumer behavior and corporate performance [6]