The U.S. stock market is poised for its first major test of 2025, with investors closely monitoring the upcoming jobs report. Analysts expect the report, scheduled for release on Friday, to indicate that the economy added 154,000 jobs in December, while the unemployment rate is anticipated to remain steady at 4.2%. This data is crucial as it may influence market expectations for equity gains in the coming year. Recent market activity has shown volatility, particularly at the end of December, leading to heightened focus on labor market indicators amid disruptions from strikes and hurricanes. Stock futures have remained relatively stable as the market prepares for this key economic data.