FX.co ★ US Futures Steady Ahead of June Jobs Report

On Thursday, U.S. stock futures remained stable as investors focused on the much-anticipated June jobs report, which is poised to offer new insights into the labor market's status and its potential impact on Federal Reserve policy. During Wednesday's trading session, the S&P 500 experienced a 0.47% increase, while the Nasdaq Composite rose by 0.94%, driven by a resurgence in technology stocks. Meanwhile, the Dow Jones saw a minor decline of 0.02%. Investor sentiment was also influenced by President Donald Trump's announcement on Truth Social regarding a finalized trade agreement with Vietnam. This agreement includes a 20% tariff on Vietnamese imports—considerably lower than the 46% rate implemented in April. On the economic front, data from ADP revealed an unexpected decline in private sector employment by 33,000 in June, heightening concerns about potential weaknesses in the labor market and reinforcing predictions of possible Federal Reserve rate cuts. Among the notable stock movements, Tesla saw a 5% increase, Nvidia rose by 2.6%, Apple gained 2.2%, Robinhood surged by 6.1%, and MicroStrategy advanced by 7.8%.