U.S. stock futures are mixed this morning as investors cautiously await the release of the crucial December jobs report. A broader market rotation from technology into defense and energy sectors appears to be underway, while Asian markets rallied overnight.
Stocks to Watch - Lockheed Martin Corporation: Shares surged 4.4% after a proposal for a significantly increased 2027 military budget, signaling higher defense spending. - Alphabet Inc.: The company's market capitalization surpassed Apple's, driven by a 66% gain over the last 12 months on strong AI-driven performance. - NVIDIA Corporation: The stock declined 2.2% as the 'AI trade' cooled amid scrutiny over capital expenditures, highlighting the tech sector rotation.
Looking ahead, the jobs report data released today is expected to be the primary driver of market direction. Investors will also be monitoring oil price movements amid geopolitical tensions.