U.S. Stock Futures Rise Ahead of July Jobs Report
U.S. stock futures edged higher on Friday morning as investors awaited the release of July's employment data, a key indicator for the Federal Reserve's monetary policy decisions. The Nasdaq 100 led gains, rising 0.5%, while S&P 500 futures added 0.2% and Dow Jones Industrial Average futures gained 41 points, or 0.1%. The positive sentiment extended a winning streak for stocks, which were on track for a second consecutive weekly gain. Market participants are closely watching the jobs report for signs of labor market strength, which could influence the pace of interest rate hikes. The data is expected to provide clarity on the economic outlook and corporate earnings prospects.
Key facts
- U.S. stock futures were positive on Friday morning.
- Nasdaq 100 futures rose 0.5%.
- S&P 500 futures added 0.2%.
- Dow Jones Industrial Average futures gained 41 points, or 0.1%.
- Investors awaited July's employment report.
- Stocks were set for a second straight winning week.
- The jobs report could influence Federal Reserve policy.
- The data is closely watched for economic outlook.
Entities
Institutions
- Nasdaq
- S&P 500
- Dow Jones Industrial Average
- Federal Reserve
Locations
- United States
Sources
- Quartz —