US stocks futures were little changed Friday morning as Wall Street awaits the jobs report for December, set to be released at 8:30 a.m. ET.
Dow futures were flat. S&P 500 futures rose 0.08%. Futures tied to the Nasdaq 100 rose 0.17%.
The Dow is coming off a day in the green. The blue-chip index needs a gain of roughly 734 points, or 1.49%, to surpass the milestone of 50,000 points.
The Dow is up 2.5% so far this year, outpacing the S&P’s gain of 1.1% and the Nasdaq’s gain of 1%.
Wall Street is trying to discern the path for Federal Reserve monetary policy this year. The Fed cut interest rates three consecutive times in the fall in response to a weakening labor market.
Traders on Friday were pricing in just a 14% chance the Fed cuts rates at its policy meeting later this month, according to CME FedWatch. That’s down from a 22% chance one month ago.
“All the data right now is about what capacity the Fed will have to continue lowering interest rates this year and, more pertinently, when it will do so,” Kyle Rodda, senior financial market analyst at Capital.com, said in a note.
Also in Wall Street’s sights today: The US Supreme Court could issue a ruling on President Donald Trump’s use of an emergency powers act to implement his aggressive tariffs on global trading partners.