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- Here comes the jobs report. The US economy is expected to have added 198,000 jobs in November as the unemployment rate held at 3.7%, according to economists surveyed by Bloomberg.
- The Fed could tweak its approach to future rate hikes . Fed officials are considering a "wait-and-see approach" to future rate hikes as they want to assess the strength of the US economy, according to the Wall Street Journal’s Nick Timiraos.
- Bitcoin hits a fresh 15-month low . The largest cryptocurrency by market cap fell as much as 8.26% to $3,300 a coin late Thursday, hitting its lowest level since September 2017.
- The biggest IPO in biotech history just priced . Moderna Therapeutics, which develops medical treatments based on messenger RNA, priced its initial public offering at $23 a share, giving it a valuation of about $7.5 billion.
- A formerly dominant and often overlooked sector is at the epicenter of the stock-market meltdown . The Philadelphia Semiconductor had gained 118% since the start of 2016, but has fallen 18% from its March highs, with former stock-market darlings AMD and Nvidia seeing much bigger losses.
- Bank stocks briefly enter bear-market territory . The KBW Bank Index briefly entered bear-market territory on Thursday — down 20% from its March peak — as trade tensions and a flattening yield curve weighed.
- Tesla is reportedly planning to pay off its next chunk of convertible debt in an odd way . The electric-car maker will pay holders of convertible notes with a 50/50 mix of equity and cash, Bloomberg reports.
- Stock markets around the world are mixed . Japan's Nikkei (+0.82%) led the gains in Asia and Britain's FTSE (+1.61%) is out front in Europe. The S&P 500 is set to open down 0.58% near 2,680.
- Earnings reports trickle out . Big Lots and Vail Resorts report ahead of the opening bell.
- US economic data keeps coming . Aside from the jobs report, wholesale inventories and University of Michigan consumer confidence will both be released at 10 a.m. ET and consumer credit will cross the wires at 3 p.m. ET. The US 10-year yield is down one basis point at 2.89%.
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