Market Overview - The market is showing positive movement after a down-session on Friday, with the Dow up by 244 points, S&P 500 up by 36 points, Nasdaq up by 160 points, and Russell 2000 up by 21 points [2] - The 10-year bond yield remains stable at 4.17%, while the 2-year bond yield has decreased to 3.50% [2] Economic Indicators - The Empire State Manufacturing Index reported a negative reading of -3.9 for December, significantly missing expectations of +10 and down from +18.7 in the previous month [3][4] - This marks only the second negative monthly print in the last six months, indicating ongoing struggles in domestic manufacturing [4] - The Homebuilders Confidence survey for December is expected to show a print of 38, indicating ongoing challenges for domestic homebuilders [5] Federal Reserve Insights - Fed Governor Stephen Miran and New York Fed President John Williams are scheduled to discuss interest-rate decision-making, with differing views on rate cuts [6] - The upcoming jobs report is anticipated to show an increase of 50,000 new jobs for November, which is below the threshold needed to maintain positive job growth, with the unemployment rate expected to rise to 4.5% [9][10] Earnings Reports - Key earnings data is expected from various companies, including homebuilders Lennar and KB Home, data storage producer Micron, FedEx, and Nike during the final full trading week of 2025 [11]

Economic Impact - Economists are debating the impact of Donald Trump's immigration policies on weak jobs growth [1] Market Reaction - The stock market has so far shrugged off the risks to America Inc associated with immigration policies [1] Potential Shift - This market indifference may soon change [1]