Strong tech earnings lift Nasdaq futures as US jobs report nears

invezz.com (Dutch)

US stock futures were mixed Friday; Nasdaq futures jumped 120 points on strong tech earnings, while investors awaited a jobs report that may shape the Fed's September decision. Economists expect July payrolls to rise about 80,000, with unemployment at 4.2% and wage growth near 3.5%. Strong hiring would likely push yields higher, hurting growth stocks; weak hiring would do the opposite. Atlassian, Microchip, Cloudflare and Airbnb led premarket gains. Oil rose above $83 a barrel amid Gulf shipping uncertainty, keeping inflation risks alive. The White House imposed a 15% tariff and minimum import prices on polysilicon, boosting solar stocks like First Solar.


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Strong tech earnings lift Nasdaq futures as US jobs report nears | News Minimalist