Stock Market Today: Dow Jones, S&P 500 Futures Gain After Strong Job Report—Micron, Novocure, Fastly In Focus

Market Overview - U.S. stock futures rose on Thursday following a decline on Wednesday, driven by a strong January jobs report [1] - The Dow Jones index declined on Wednesday after reaching a record-high close on Tuesday [1] - The 10-year Treasury bond yield was at 4.175%, while the two-year bond yield was at 3.502% [1] - The CME Group's FedWatch tool indicates a 94.1% likelihood of the Federal Reserve keeping interest rates unchanged in March [1] Index Performance - Dow Jones increased by 0.21% [2] - S&P 500 rose by 0.23% [2] - Nasdaq 100 gained 0.17% [2] - Russell 2000 saw an increase of 0.39% [2] Stocks in Focus - Micron (MU) maintains a strong price trend across short, medium, and long terms according to Benzinga's Edge Stock Rankings [2] - Novocure (NVCR) shows a strong price trend in the short and medium terms but a weaker trend in the long term [3] - Fastly (FSLY) maintains a strong price trend across all time frames [4] - McDonald's (MCD) also shows a strong price trend across short, medium, and long terms [5] - Applovin (APP) has a weak price trend across all time frames [6] Analyst Insights - Analysts at the Schwab Center for Financial Research noted that investors are awaiting the Consumer Price Index (CPI) release [7] - The market is pricing out rate cuts for this year following the jobs report [7] - The likelihood of a Federal Reserve rate cut next month has dropped to 6% from 20% earlier in the week [8] - The chances of at least one rate cut by June are now below 60%, down from 75% [8] - The three-month average of nonfarm payroll growth increased to 73,000 in January, the highest since February 2025 [9] Commodities and Global Markets - Crude oil futures rose by 0.36% to approximately $64.86 per barrel [11] - Gold Spot declined by 0.47% to around $5,059.50 per ounce, with a previous record high of $5,595.46 per ounce [11] - The U.S. Dollar Index increased by 0.03% to 96.8610 [11] - Bitcoin traded 0.15% higher at $66,906.94 per coin [11] Upcoming Economic Data - Initial jobless claims data for the week ending February 7 will be released at 8:30 a.m. ET [12] - January's existing home sales data will be available at 10:00 a.m. ET [12] - Fed governor Stephen Miran is scheduled to speak at 7:00 p.m. ET [12]