S&P 500, Nasdaq futures have only a short history of JOLTS on the floor

U.S. futures were mostly mixed on Tuesday as investors waited for fresh jobs data and Fedspeak to cement or dampen expectations of an interest rate hike.

Futures on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) was down about 0.1%, coming new records about indexes. Dow Jones Industrial Average futures (YM=F) to be sold in larger quantities.

Investors are waiting for the next reading on JOLTS activities in October, the first in a important waves this week which culminates in Friday’s all-important monthly US payrolls report.

The watch is on signs of a soft recession, which will change the outlook on the rate path – especially after the Federal Reserve officials. indicated that they are still open until the end of December.

Traders are now pricing in about a 73% chance that the Fed will cut rates by a quarter percentage point at its Dec. meeting. 18, compared to 62% the previous day, at CME FedWatch tool.

The odds could change after Fed policymakers Austan Goolsbee and Adriana Kugler spoke later on Tuesday, sparking discussions with Fed Chair Jerome Powell on Wednesday.

On the corporate front, Tesla (TSLA) stock fell in the pre-sale market after being shipped by EV manufacturers Chinese-built models also fellputting sales targets in doubt. In addition, the CEO of Elon Musk paid $ 56 billion again rejected by the judge.

Meanwhile, shares in US Steel (X) fell to 8% on the heels of President-elect Donald Trump Trump’s promise to “ban” its $15 billion takeover of Japan’s Nippon Steel (5401.T, Image of NPSCY). Trump said tax incentives and tariffs it will help the American steel giant to thrive on its own.

Political problems in France It is also attracting the attention of the market, with the government in danger as it faces the parliamentary vote. As Germany braces for snap elections after government collapse, Wall Street is keeping a close eye on the EU’s two pillars.