economy
S&P 500 futures are little changed as traders await big jobs report: Live updates
Wall Street is coming off a losing session as the July jobs report looms.
TL;DR
- S&P 500 futures were little changed early Friday, awaiting the July jobs report.
- Asian markets were mixed, with Japan's Nikkei 225 falling and mainland China's CSI 300 advancing.
- Airbnb and Cloudflare shares rallied in extended U.S. trading following positive earnings and outlooks.
- Wall Street experienced a losing session, with rising oil prices weighing on equities.
- Market outlook has brightened on expectations of lower oil prices and inflation, and a strong tech sector.
- Tom Lee anticipates a market rally towards 7,900-8,000 this month.
- The July jobs report is expected to show modest nonfarm payroll gains and an unchanged unemployment rate.
- Stocks are on track for a second consecutive week of gains, with the Nasdaq potentially posting its best weekly performance since May.
- Gold is on track for its best week since January, consolidating above $4,000 per ounce.
- Kirin Holdings agreed to acquire Canadian supplements maker Jamieson Wellness for approximately C$2.0 billion.
- China's exports rose 23% in July, exceeding estimates, while imports grew 27.5%.
- Oil prices rose due to concerns over supply disruptions following Iran's restrictive draft plan for the Strait of Hormuz.
- South Korean solar stocks rose after the White House imposed tariffs on polysilicon products.
- Mainland China and Hong Kong stocks traded mixed ahead of trade data.
- Asia-Pacific markets were set for a muted open amid higher oil prices.
- Major averages are heading for their second straight winning week.
- Airbnb reported strong second-quarter earnings and revenues, while Lyft beat revenue estimates.
- DraftKings missed revenue expectations but reaffirmed its guidance for adjusted EBITDA and revenue for fiscal year 2026.