US stock futures traded flat after the release of new data amped up anticipation for Friday's jobs report and boosted bets on a Federal Reserve rate cut this month.
Futures attached to the Dow Jones Industrial Average (YM=F) dipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) roughly held steady.
On Wednesday, stocks mostly rose after the latest update on jobs openings indicated continued softening in the labor market. The data left investors feeling even more confident Fed officials will cut rates at their September meeting. Meanwhile, Alphabet (GOOG) shares lifted the tech-heavy Nasdaq Composite (^IXIC) following an antitrust ruling that shielded the tech giant from a worst case scenario.
In after-hours trading, Salesforce (CRM) tumbled after its revenue forecast disappointed Wall Street. Figma (FIG) also sank on its first earnings report since its explosive market debut. American Eagle (AEO), however, soared after the company predicted a sales boost from ad campaigns featuring actor Sydney Sweeney and professional football player Travis Kelce.
On Thursday, investors will receive additional insight on the labor market with the release of ADP private payrolls and jobless claims. Broadcom (AVGO), Lululemon (LULU), and DocuSign (DOCU) will also report earnings.
The main event of the week, though, lands Friday with the August jobs report. July's jobs report shocked Wall Street when it revealed a shaky labor market, and further signs of stress could give investors reason to believe the Fed may consider a deeper interest rate cut this month than currently priced in.
Coming soon
Stock market coverage for Thursday, September 04, 2025.
