Positive Turn in U.S. Stocks Amid Job Report and Interest Rate Hopes

U.S. stock index futures rose as investors evaluated the delayed jobs report and Federal Reserve's potential interest rate cuts. Nonfarm payrolls climbed by 64,000 in November, while unemployment was slightly higher than expected. Flat retail sales also influenced market sentiment.

U.S. stock index futures experienced an uptick on Tuesday. This shift comes as investors digest a long-overdue jobs report and weigh the possibility of interest rate cuts from the Federal Reserve. According to a Labor Department report, nonfarm payrolls increased by 64,000 in November, surpassing economists' predictions of a 50,000 rise.

The unemployment rate was reported at 4.6%, slightly higher than the anticipated 4.4%. On average, earnings showed a 3.5% year-on-year growth, just below the estimated 3.6%. Additionally, separate data from the Commerce Department indicated that retail sales for October remained unchanged, contrary to the forecasted 0.1% increase.

As of 08:31 a.m., all major indices were up: the Dow E-minis gained 70 points (0.14%), S&P 500 E-minis climbed 8.5 points (0.12%), and Nasdaq 100 E-minis rose 32.25 points (0.13%).

(With inputs from agencies.)