Updated 1 min read
US stock futures wavered ahead of Thursday’s release of the June jobs report in a holiday-shortened week.
Futures attached to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq 100 (NQ=F) traded roughly flat.
Stocks fell during the day on Wednesday as the chip sector slumped. Investors also assessed comments on the state of inflation from Fed Chairman Kevin Warsh and signs that US-Iran talks may be hitting yet another rough patch.
The June jobs report is set to land on Thursday at 8:30 a.m. ET. Investors will scrutinize the data for clues about the Fed’s next move on interest rates. Economists surveyed by Bloomberg expect the figures to show the unemployment rate remaining flat, but any signs of resilience in the labor market may raise expectations for a rate hike this year.
