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Stock Futures Defensive Ahead of Payroll Report

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Stock futures were slightly defensive as Wall Street braces for the pivotal December labor market report as well as Fed-speak from Chicago's Charles Evans, Richmond's Jeffrey Lacker and Rob Kaplan from the Dallas Fed.

December non-farm payrolls are expected to have increased by 175,000 while the jobless rate is projected to inch up to 4.7% from 4.6% in November.

Friday's other economic data includes the November trade deficit, expected to widen to $44.5 billion, and factory orders. After a robust 2.7% gain in October, factory orders are forecast to decline by 2.5% in November.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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