Investors hold positions as markets await the July jobs report, a key indicator for Federal Reserve policy moves.
US stock index futures showed modest gains Friday morning as traders awaited the July employment report. S&P 500 futures rose 0.11%, while Nasdaq futures climbed 0.18%. Dow futures slipped 0.06%.
The monthly jobs data is closely watched for signs of labor market strength, which could influence the Federal Reserve’s interest rate decisions. Economists expect nonfarm payrolls to show continued, but moderating, job growth.
Markets remain sensitive to labor market trends amid speculation over potential Fed rate cuts later this year.