Core Viewpoint - The S&P 500 is facing a significant resistance level at 7000, unable to break through this threshold despite initial gains following a strong nonfarm payrolls report [1] Market Performance - The S&P 500 increased by 0.1% after reaching a high of 6993.48 shortly after market opening [1] - The Dow Jones Industrial Average decreased by 30 points, or 0.1%, nearing 50,499.04 [1] - The Nasdaq Composite experienced a slight decline [1] Economic Data Impact - Stocks initially rallied due to a stronger-than-expected nonfarm payrolls report, indicating that initial market reactions to economic data can be volatile [1]

Economic Indicators - The latest jobs report showed 130,000 non-farm payrolls added, significantly better than expectations, with a minor revision of last month's payrolls from 50,000 to 48,000 [1] - The unemployment rate decreased to 4.3%, down from 4.6%, indicating a positive trend in the labor market despite an increase in labor force participation [2] - Private payrolls increased by 172,000, while manufacturing payrolls saw a slight increase of 5,000 after previous declines [2] Wage and Inflation Data - Hourly average earnings increased by 4% month-over-month and 3.7% year-over-year, which is a tenth lower than the previous month but higher than expectations [3] - The wage growth data suggests inflationary pressures may persist, impacting interest rate expectations [3] Interest Rate Outlook - The strong jobs report has led to a firming of bonds and a potential delay in anticipated Federal Reserve rate cuts, with the 10-year yield rising as a result [4][7] - There is a consensus that rate cuts may not occur in the next two meetings, as the labor market shows strength [8] Housing Market - Mortgage applications remained unchanged at a 30-year fixed rate of 6.21%, with overall housing market activity still sluggish [8][9] - Recent data indicates a decline in home purchases by 2.4%, while refinances increased by 1.2%, suggesting ongoing challenges in the housing sector [9][10]

The U.S. unemployment rate rose to 4.6% in November, the highest level since September 2021, compared with expectations of 4.4%. U.S. seasonally adjusted nonfarm payrolls increased by 64,000 in November, versus an expected 50,000. ...

U.S. unemployment rate for November came in at 4.6%, compared with expectations of 4.4%. U.S. seasonally adjusted nonfarm payrolls increased by 64,000 in November, versus an expected 50,000. ...

RT Bloomberg Opinion (@opinion)JOBS DAY 🚨*US NOV. UNEMPLOYMENT RATE 4.6%; EST. 4.5%*US OCT. NONFARM PAYROLLS FALL 105K M/M; EST. -25KLive analysis:https://t.co/fbjzWB1IjJ ...

Core Viewpoint - Futures are experiencing a slight decline as the market anticipates upcoming labor-market and retail-sales data, which are critical indicators of economic health [1] Group 1: Market Trends - Futures are ticking lower, indicating a cautious sentiment among investors ahead of key economic data releases [1] - The focus is on labor-market statistics and retail sales figures, which are expected to influence market direction [1] Group 2: Economic Indicators - Labor-market data is crucial for assessing employment trends and overall economic strength [1] - Retail sales data will provide insights into consumer spending, a key driver of economic growth [1]

Global Economy & Central Banks - US and European futures are gaining ahead of central bank decisions [1][49] - The market expects the Bank of England to cut interest rates by 25 basis points [3][96] - The Bank of Japan is expected to move rates higher to 075% [26][96] - The US 10-year Treasury yield is at 417%, and the Euro-dollar is at 117% [4][50] - The market is pricing in slightly over two rate cuts by 2026 [92] Geopolitics & Security - Australia is considering tougher gun laws after a terrorist attack that killed 16 people [1][5][48][65] - Ukraine may drop its bid for NATO membership in return for Western security guarantees [1][48] - The EU is considering seizing or monetizing Russian assets to fund Ukraine [18] Market & Industry Trends - Asian stocks are under pressure, tracking losses from the US session, with concerns around AI investment [20][21] - China's retail sales are up 13% year-over-year, below estimates, indicating economic weakness [22] - China has built seven large petrochemical hubs, raising fears of oversupply and pressure on other nations [40] - European defense sector is interesting due to potential pullback on Russia-Ukraine discussions, but NATO demands higher defense spending [63][64] Artificial Intelligence - PolyAI raised $86 million in Series D funding for its conversational AI voice agents [70] - PolyAI's voice AI agents can handle tasks equivalent to over 1000 full-time employees for individual customers [73] - PolyAI claims to deliver approximately $10 million of value per client, totaling almost $15 billion for 250 customers [75][76] - PolyAI's annual recurring revenue was just over $20 million last year, with a goal to double this year [83]