US stock futures pointed upward on Friday, signaling a potential rebound from the negative start to 2025. The market is awaiting crucial factory activity data, which could shed light on the manufacturing sector's health.
US stock index futures pointed up on Friday, suggesting a rebound from a negative start to the trading year on Wall Street marked by a slide in shares in electric-vehicle group Tesla . Investors are looking ahead to the release of factory activity data out of the US, which could provide a glimpse into the state of the key manufacturing sector heading into incoming President Donald Trump 's next administration.
Elsewhere, current US President Joe Biden is reportedly expected to block the sale of U.S. Steel to Japan’s Nippon Steel, the Washington Post has reported.US stock futures edged higher on Friday, as traders assessed a downbeat start to trading in 2025 in the previous session.Weighing on sentiment were shares in Tesla, which slumped by more than 6% after the electric carmaking giant reported its first annual decline in sales despite a raft of price cuts and promotional drives aimed at bolstering demand. Meanwhile, initial and continuing claims for unemployment benefits in the US both fell last week, Labor Department data showed. The report added to some bets that the Federal Reserve will choose to leave interest rates unchanged at its next policy meeting this month.In a relatively quiet day for economic data, investors will have the chance to parse through US factory activity figures for December.is seen cooling slightly to 48.2 last month, down from a five-month high of 48.4 in November. A reading below 50 typically denotes contraction in the industry, which makes up over 10% of the US economy. It was the eighth consecutive month that the measure was below the 50-point threshold, although the number remained above a level of 42.5 that the ISM says indicates broader economic expansion. Markets will likely be keen to see if the data shows both growth in orders and easing input cost contraints heading into the potentially more pro-business Trump administration. Crucially, the forward-looking new orders sub-index rose to 5
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