Stock futures rally as investors gear up for jobs report, key earnings: Live updates
The first week of August kicks off with the July jobs report and another batch of key earnings reports.
U.S. equity futures have risen on Sunday evening as investors anticipate the July jobs report and a series of earnings reports expected to kick off August trading. Dow Jones Industrial Average futures climbed 200 points (0.4%), while S&P 500 futures increased 0.5% and Nasdaq-100 futures grew 0.8%. Oil prices dropped after President Trump announced he would cancel an intended attack on Iran.
Following Friday's record highs, traders are now assessing whether the rally's drivers can sustain further gains, particularly as investors scrutinize AI-related spending without clear evidence of earnings growth. Earnings reports from McDonald's, Kraft Heinz, Costco Wholesale, Walt Disney, Palantir, and semiconductor giants like Advanced Micro Devices are set to provide more insights into economic conditions in the coming week, alongside the highly anticipated July jobs report.
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