Stock market update: Dow, S&P 500, and Nasdaq futures remain steady as employment data prepares to challenge the early 2026 rally

US Stock Futures Hold Steady as Investors Await Key Jobs Data

Overnight trading saw US stock futures remain largely unchanged, following a session where Wall Street reached new record highs. Market participants are now turning their attention to the upcoming labor market report, which is expected to set the tone for a week filled with employment-related updates.

Futures for the Dow Jones Industrial Average edged up slightly, while contracts tied to the S&P 500 and Nasdaq 100 were mostly flat.

Tuesday’s regular session saw a strong rally, as investors appeared to set aside concerns about recent US military involvement in Venezuela. The Dow Jones Industrial Average surpassed 49,000 for the first time, marking its second straight record close. The S&P 500 also ended at an all-time high, drawing closer to the 7,000 milestone.

Looking forward, the focus is shifting to a busy calendar of economic reports as the release of US data returns to normal after recent interruptions. On Tuesday, figures showed that the US services sector slowed in December, with S&P Global’s final Services PMI indicating the weakest growth in eight months.

Wednesday brings fresh jobs data, including ADP’s monthly update on private sector employment. While this report has shown declines in three of the last four months, analysts are predicting a modest rebound this time. Additionally, investors will review November’s JOLTS report, which tracks job openings and the number of Americans leaving or losing their jobs.

These updates will pave the way for Friday’s release of the December employment report, a crucial indicator that could influence whether the Federal Reserve adjusts its policy in the coming months.

Tech Sector in Focus at CES 2026

Meanwhile, the CES 2026 event continues to spark debate, as ambitious statements from technology leaders are weighed against Wall Street’s expectations for the industry. Much of the conversation has centered on Nvidia, with experts split on whether the company is nearing the peak of a market bubble or poised for another significant surge.