Non-farm payroll data fell short of expectations, U.S. stock futures rose

According to Jinshi, U.S. stock index futures further expanded their gains after December's employment growth came in slightly below expectations. Last month, U.S. non-farm payrolls increased by 50,000, below the market consensus expectation of 73,000, while the unemployment rate fell from the revised 4.5% in November to 4.4%. Art Hogan, Chief Market Strategist at B.Riley Wealth, pointed out that the core conclusion of the report is that, in the first timely employment report in three months, there is more good news than bad news. This data alleviated the pressure on the Federal Reserve to cut interest rates again later this month, although the market still expects a rate cut later this year.