US Futures Rise After Jobs Report

2026-07-02 12:45 By Andre Joaquim 1 min. read

US equity futures gained ground on Thursday as weaker-than-expected jobs data pushed back expectations that the Federal Reserve may tighten monetary policy.

Contracts for the S&P 500, Nasdaq 100, and Dow rose by 0.5%, with the latter reaching a new record.

The US economy added a net 57K jobs in June, around half of what was expected, to halt the momentum of strong payroll gains.

The result tempered the leeway the Fed could have to combat rising inflation this year, supporting the case for no more rate hikes and aiding credit-sensitive equities.

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 was due to rebound as chip producers staged a rebound.

Micron and Sandisk rose 2% premarket.

Volatility in the sector remained as ambitious guidance clashed against concerns of overcapacity for AI infrastructure.



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