U.S. stocks trade sideways after jobs data sparks brief volatility

U.S. equities are moving in a narrow range after the January jobs report triggered sharp but short-lived swings. The data came in stronger than expected, initially lifting sentiment, but follow-through buying quickly faded. At the latest reading, the Dow Jones Industrial Average is down 153 points (-0.31%) at 50,034.94, the S&P 500 is up 2.07 points (+0.03%) at 6,943.88, while the Nasdaq is lower by 33 points (-0.14%) at 23,069.13. The mixed performance reflects hesitation as traders reassess rate expectations following the labor data.

Overall, the session feels more like consolidation than trend development, with volatility concentrated around the data release rather than sustained directional momentum.

Dow Jones Industrial Average (INDU)

The DJIA index under bearish pressure but no major downward movement seen. The index might continue to maintain its position near the 50,000 level and traders will wait for further confirmation. Under current situation, we could say the situation is sideways with some bearish pressure. On the upside, 50,695 is the target to watch.

Fox Corporation (FOX)

FOX share prices trading lower in a bearish correction leg and currently reached the trend line also the EMA 200. There is no bullish sign yet which mean the test on the support level might continue for now. If the share prices could stabilize and show bounce reactions, then there is chance of bullish continuation. Traders could start entering long positions near the current level with stop order below $50.50.