US Futures Muted Ahead of NFP

2026-07-02 11:58 By Andre Joaquim 1 min. read

Futures tracking US equity indices were muted on Thursday ahead of the June jobs report.

Contracts for the S&P 500 hovered slightly above the flatline and those for the Dow inched higher to a new record high.

The US economy is expected to have added over 100,000 jobs last month, maintaining the robust labor backdrop to add leeway for the Federal Reserve to tighten monetary policy.

Still, credit-sensitive sectors continued to enjoy some respite from yesterday after Fed Chairman Warsh stated he saw pro-inflationary risks softening with the pullback in energy prices.

Traditional sectors of the economy remained strong, with JPMorgan and Eli Lilly hovering near records.

In turn, AI hyperscalers held yesterday's rebound.

The Nasdaq 100 dropped further on a fresh decline for chip producers, extending their period of volatility as the sector's ambitious guidance clashed against concerns of overcapacity for AI infrastructure.



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