Major Averages Broadly Lower as Traders Eye Jobs Report

The major averages were broadly lower near noon as traders eyed a key jobs report and additional economic data that could influence the Federal Reserve's interest-rate path next year. Though November's jobs report came in better-than-expected, with an increase of 64,000 jobs for the month, the Bureau of Labor Statistics also reported that 105,000 jobs were shed in October, with the unemployment rate climbing to 4.6%.Record highs earlier in December have given way to a softer backdrop as investors weigh the release of the delayed nonfarm payrolls and other indicators like retail sales and CPI inflation, which were postponed by the longest U.S. government shutdown in history.Looking to commodities, gold edged higher once again, while oil fell sharply ahead of API crude numbers set for release this afternoon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fordsaid it expectsto "rationalize" U.S. EV-related assetsPfizerreiterated its guidance for FY25 and provided aPayPalhas submitted applications toApplewill expand its iPhone lineup to seven models by 2027,Databricks said it is raising a greater than, valuing the company at $134B2. WALL STREET CALLS:Roku (ROKU)to Overweight from Underweight at Morgan StanleyLockheed Martinto Equal Weight at Morgan StanleyOktato Buy at JefferiesStubHubto Market Perform at CitizensWells FargoGapto Overweight3. AROUND THE WEB:Oraclesigned roughly $150B of data center leases in the three months ending November 30, raising its total data center and cloud capacity commitments to $248B,Metaearned more than $18B in annual ad sales from China in 2024, making up over 10% of its global revenue, with more than $3B linked to fraudulent ads, like for scams,The U.K. government wants Apple, Google, and others to block explicit images at the OS level by default to protect kids and have adults verify their ages,Stellantishas hired over 1,000 employees for its Windsor, Ontario plant, aiming for 1,500 new jobs for a third shift,Nasdaqis looking to submit paperwork with the U.S. Securities and Exchange Commission to roll out 24/7 stock trading,4. MOVERS:Cementos Pacasmayoincreases in New York after announcingof the Hochschild Group, which controls 50.01% of the companyRezolve AIgains in New York afterannual recurring revenue view of $500M or moreAldeyrahigher after announcing thetarget action date for the reproxalap New Drug ApplicationLightwave Logicfalls after announcing anNavanlower after announcing theAmy Butte5. EARNINGS/GUIDANCE:Vestisfor FY26Vital Farmsfor FY25Organigram, with Executive Chair Peter Amirault calling fiscal 2025 "marked by purposeful growth"Humanafor FY25CSP Inc., with EPS and revenue higher year-over-yearINDEXES:Near midday, the Dow was down 0.53%, or 254.20, to 48,162.36, the Nasdaq was down 0.27%, or 61.48, to 22,995.93, and the S&P 500 was down 0.49%, or 33.55, to 6,782.96.