Stock futures are little changed ahead of August jobs report: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025.

Brendan McDermid | Reuters

Investors are heading into the August nonfarm payrolls report on Friday morning with stocks coming off of a fresh record. The S&P 500 closed at a new high on Thursday, thanks an afternoon boost in risk appetite.

Those market moves came despite weaker-than-expected ADP private payrolls data. Investors are hoping the reading will lend support to the Federal Reserve’s case to go ahead with an expected rate cut at its September policy meeting. Fed funds futures trading is currently pricing in a 97% chance that benchmark interest rates will move lower when the central bank makes a decision on Sept.17, according to the CME Group’s FedWatch tool.

But the Labor Department’s nonfarm payrolls report on Friday will hold more sway than the reading on private payrolls.

“Tomorrow’s jobs report will be the deciding factor, but so far this week the data is confirming a slowdown in the labor market,” said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. “In the short-term, markets may embrace that data because it should increase the odds of Fed rate cuts. But if the numbers deteriorate too much, it could raise concerns about the health of the economy.”

Economists polled by Dow Jones forecast nonfarm payrolls to have expanded by 75,000 in August.

Stocks are on pace for a winning week. The S&P 500 has climbed 0.7%, while the technology-heavy Nasdaq Composite is registered a 1.2% gain. The 30-stock Dow has gained 0.2%.

Separately, Broadcom earnings could further bolster the artificial intelligence trade. The chipmaker’s fiscal third-quarter revenue jumped 63% and it offered an upbeat forecast amid robust demand for its custom AI accelerators. Shares were up more than 3% in extended trading

Broadcom stock rises after strong earnings and upbeat outlook

Shares of Broadcom advanced more than 4% in after hours trading on Thursday, after the semiconductor firm’s better-than-expected third-quarter results and rosy outlook.

Broadcom reported adjusted earnings per share of $1.69 and revenue of $15.59 billion. Analysts polled by LSEG were looking for $1.65 per share and $15.83 billion.

Broadcom also said it expects revenue in the current quarter of $17.4 billion, while analysts had penciled on $17.02 billion.

— Brian Evans

Stocks making the biggest moves after hours

Check out the companies making headlines in extended trading.

Lululemon — Shares in the athleisure company plummeted more than 13% after second-quarter revenue missed analyst estimates. Lululemon reported revenue of $2.53 billion in the second-quarter, while analysts polled by LSEG were looking for $2.54 billion.

DocuSign — Stock in the software company rose roughly 5% after better-than-expected second-quarter results on the top and bottom lines. DocuSign reported adjusted earnings per share of 92 cents on revenue of $801 million, while analysts polled by LSEG were looking for 84 cents and $780 million. The firm also issued a better-than-expected third-quarter and full-year outlook.

Amneal Pharmaceuticals — Stock in the pharmaceutical company climbed more than 2% after Amneal received U.S. Food and Drug Administration approval for its risperidone extended-release drug, which is a treatment for Bipolar I disorder and schizophrenia in adults.

Broadcom — Shares of the semiconductor stock climbed more than 4% on the heels of a stronger-than-expected outlook for the current quarter. Broadcom said it expects revenue of $17.4 billion in the fourth-quarter, while analysts polled by LSEG were looking for $17.02 billion.

— Brian Evans