Futures Muted Ahead Of Two Key Events

Stock futures are relatively flat as investors anticipate key events: a Supreme Court ruling on Trump's tariffs and the December jobs report. Mortgage stocks surged after Trump's announcement of mortgage bond purchases, boosting LoanDepot and Rocket Cos. The dollar is gaining strength, while Treasury yields are on the rise. Several economic data releases and scheduled Fed speakers are also on the agenda. Key corporate news includes Revolution Medicines' potential acquisition and disappointing earnings from WD-40 Co. Global markets are watching for the impact of the tariff ruling and jobs data on equities. The options market signals a muted S&P 500 reaction to the jobs report, with modest gains expected. In Europe, mining shares are rising due to Rio Tinto and Glencore talks. Asian stocks fluctuated, with Japan outperforming, as investors watched US data. The yen is underperforming, and treasury yields are rising ahead of the jobs report.