Nasdaq, S&P 500 Futures Pause Ahead Of Jobs Report, Trump Tariff Ruling: Why OPEN, INTC, NVDA, TLRY, CRMD Are On Traders' Radar Today

Early signals show futures flat, SPY sentiment cooling, and tech traders turning bullish.

• Investors brace for twin triggers in trade today: December jobs data and potential Supreme Court ruling on the legality of tariffs. 
• The jobs data is expected to dictate whether the Federal Reserve continues its aggressive pivot or hits the brakes on rate cuts.
• Retail sentiment on Stocktwits showed caution toward SPY, while bullishness around tech-heavy QQQ intensified.

U.S. stock futures were signaling a cautious start early Friday, with investors watching for two crucial triggers: December jobs data and a potential U.S. Supreme Court ruling on the legality of President Donald Trump’s tariff authority. This verdict could have wide implications for markets and trade policy.

As of 3:30 a.m. ET on Friday, Nasdaq 100 futures, S&P 500 futures, Dow futures and the Russell 2000 futures traded flat.

On Stocktwits, however, retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, moved to ‘neutral’ from ‘bullish’. While sentiment toward the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq 100 Index, has flipped back to ‘extremely bullish’ from ‘bullish’ a day ago, amid high message volumes.

Trending Stocks To Watch

Nvidia (NVDA): TSMC, its key manufacturing partner, reported a roughly 20% rise in revenue.
Intel (INTC): Trump said he had a ‘great meeting’ with CEO Lip-Bu Tan yesterday. 

Chevron (CVX), Exxon Mobil (XOM), and SLB (SLB): Stocks are in focus after reports that senior executives from major oil companies are set to meet President Donald Trump, raising expectations around energy policy and domestic production.

Disney (DIS): China’s Vice Premier Ding Xuexiang reportedly met Disney CEO Bob Iger in Beijing, encouraging further investment. 

Glencore (GNLCY): Reports suggest that Rio Tinto is in early talks with Glencore about a potential tie-up that could create the world’s largest mining company, with a combined valuation of nearly $207 billion.

General Motors (GM): The company disclosed $7.1 billion in special charges tied to scaling back EV ambitions and restructuring its China operations.

Tilray Brands (TLRY): Posted record fiscal Q2 revenue of $218 million, beating Street estimates. 

Johnson & Johnson (JNJ): Has secured a tariff exemption in exchange for lower drug prices and two new U.S. manufacturing plants as part of its $55B domestic investment plan. 

CorMedix Therapeutics (CRMD): The company disclosed an expanded role and revised employment terms for CEO Joseph Todisco, following a sharp selloff earlier in the session tied to cautious guidance.

Oscar Health: Shares rose nearly 7% after hours after gaining about 3% in regular trading, as investors reacted to a House vote backing ACA subsidy extensions, despite a disclosed insider share sale.

Opendoor Technologies (OPEN), Rocket Companies (RKT), Offerpad Solutions (OPAD), UWM Holdings (UWMC): U.S. President Donald Trump said Thursday that he is working to lower mortgage rates for Americans, following several years of elevated borrowing costs.

Monte Rosa Therapeutics (GLUE): Shares are in focus after the biotech priced a $300M public offering at $24 per share. 

Other noteworthy tickers trending on Stocktwits at the time of writing were Ondas Holdings (ONDS), Oscar Health Inc. (OSCR), Security Matters (SMX), Baidu (BIDU), Him & Hers Health (HIMS), among others.  

Other Catalysts To Watch

On the economic front, investors are looking ahead to the release of the December Jobs Report at 8:30 a.m. ET. Economists expect the unemployment rate to tick down to 4.5%. Traders will also be listening closely to FOMC Member Neel Kashkari, who is scheduled to speak at 10:00 a.m. ET.

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