5 things to know before the stock market opens Friday, February 7
Here are five key things investors need to know to start the trading day:
Stocks were little changed in premarket trading Friday as investors await the latest jobs report. The Bureau of Labor Statistics is out with its January nonfarm payrolls data at 8:30 a.m. ET. Economists polled by Dow Jones expect growth of 169,000 jobs, down from December's 256,000 additions. For the week, with one trading session to go, all three major averages are up less than 1%. Follow live market updates.
A woman cleans the store window of the Amazon house after activists sprayed paint its facade during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025.
Yves Herman | Reuters
A Tesla showroom in Shanghai, China, on Monday, April 29, 2024.
Bloomberg | Bloomberg | Getty Images
Tesla appears to be losing ground in China. The U.S. EV leader's sales in the country fell last month to 63,238 units, down 11.5% from January 2024. Competition in China has been ramping up, with rival BYD notching 296,446 pure electric and plug-in hybrid vehicles sold last month, up 47% from the same period a year earlier. Changan Automobile and Xpeng also posted sales growth.
US President Donald Trump speaks during the National Prayer Breakfast at the US Capitol in Washington, DC, on February 6, 2025.
Mandel Ngan | Afp | Getty Images
A federal judge paused President Donald Trump's offer to buy out federal employees hours before the deadline to accept the deal. The Boston judge issued an injunction staying the effort until at least Monday, when there's set to be a hearing to assess the legality of Trump's offer. More than 60,000 people, or about 3% of the federal workforce, have already taken the offer which purportedly guarantees workers pay through September without the obligation to work.
Kevin Sabitus | Getty Images Sport | Getty Images
Super Bowl 59 kicks off this Sunday between the reigning champion Kansas City Chiefs and the Philadelphia Eagles. Host city New Orleans is preparing for an estimated 125,000 visitors and a possible presidential visit. For those watching at home, Fox's free, ad-supported streaming service Tubi will have the game — and all the same commercials as the Fox broadcast. Ad spots for this year's big game sold out back in the fall, and a record 10 commercials went for $8 million apiece. CNBC Sport has been reporting live from New Orleans all week, sitting down with Kansas City Chiefs Owner Clark Hunt, NFL media boss Brian Rolapp and Denver Broncos President Damani Leech. Find those interviews and more at CNBC Sport and follow and listen to the new CNBC Sport podcast.
– CNBC's Jeff Cox, Annie Palmer, Gabrielle Fonrouge, Jonathan Vanian, Arjun Kharpal, Dan Mangan, Contessa Brewer, Jessica Golden and Alex Sherman contributed to this report.
