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Dow Jones Futures Await Jobs Report As Market Rally Holds Gains; Tesla Semi Deliveries Kick Off | Investor's Business Daily - Investor's Business Daily

Dow Jones Futures Await Jobs Report As Market Rally Holds Gains; Tesla Semi Deliveries Kick Off | Investor's Business Daily - Investor's Business Daily

Dec 02, 2022 2 mins, 26 secs

BREAKING: Futures Await Jobs Report.

Dow Jones futures tilted lower early Friday, along with S&P 500 futures and Nasdaq futures, as investors await the November jobs report before the market open.

A Tesla Semi truck delivery event took place Thursday night with Tesla (TSLA) archrival BYD releasing booming November EV sales overnight.

The stock market rally showed solid action on Thursday, with the indexes mixed but consolidating Wednesday's huge gains on Fed chief Jerome Powell's comments.

Thursday's PCE inflation report, the Fed's favorite price gauge, showed smaller-than-expected monthly increases with overall and core inflation cooling slightly once again.

Dow futures, Treasury yields and more will swing on the November jobs report, due out at 8:30 a.m.

Economists expect the November jobs report to show a nonfarm payrolls gain of 200,000, down from 261,000 in October.

A Tesla Semi model truck delivery event kicked off shortly after 5 p.m.

Tesla CEO Elon Musk will hand over some Tesla Semi EVs to PepsiCo (PEP) on Thursday night.

Speaking of late, the Tesla Semi was first unveiled six years ago and was supposed to enter production in 2020.

Musk says that the Tesla Semi, which will use the same Plaid drive units as the high-end Model S, has a 500-mile range on a single charge.

That will be important as the Tesla Semi takes on big-rig EVs already on the market from Volvo, Nikola (NKLA), BYD (BYDDF) and more.

Another key question is what will Tesla Semi production be in the coming months.

On Wednesday, TSLA stock surged 7.7%, retaking its 21-day line, amid the big market rally and as China EV stocks soared?

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live.

The stock market rally had a 30-minute tumble Thursday morning, but gradually improved to mixed, a solid performance following Wednesday's big gain.

The Dow Jones Industrial Average fell 0.6% in Thursday's stock market trading, with Salesforce.com (CRM) a big negative.

Tesla stock is a major weight across Ark Invest's ETFs.

The stock market rally showed constructive action on Thursday, essentially holding onto Wednesday's big gains.

Several Dow Jones stocks, including Caterpillar, Boeing and UNH stock, are showing strength.

The October PCE inflation report was slightly better than expected.

Friday's jobs report is yet another hurdle.

On Thursday, investors could have added a little exposure, but the jobs report is a big question mark.

A Friday market rally on the November jobs report could trigger a number of buying opportunities.

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