Stock futures rise as investors look ahead to jobs report, key earnings: Live updates

U.S. equity futures surged on Sunday evening, as investors anticipated the release of the July jobs report and an upcoming week of earnings to open August trading. The Dow Jones Industrial Average futures increased 182 points, or 0.3%, while S&P 500 futures climbed 0.4% and Nasdaq-100 futures rose 0.7%. President Donald Trump announced early Sunday that he had canceled a planned attack on Iran, following reports that he was preparing for new strikes due to diminishing hopes for a negotiated settlement and rising energy prices.

The major indexes closed higher on Friday, with the Dow advancing 0.53% to 52,485.03, S&P 500 gaining 0.7% to 7,489.72, and Nasdaq Composite surging 1% to 25,373.85. As the major averages neared record highs, traders and analysts began to question if the rally's catalysts could sustain gains. Despite Big Tech companies delivering on earnings, investors are becoming less willing to tolerate mounting AI-related spending without clearer indications of earnings growth.

Additionally, a series of earnings reports from companies such as McDonald's, Kraft Heinz, Costco Wholesale, Walt Disney, Palantir, and Advanced Micro Devices are anticipated to shed more light on the broader economic landscape. Labor market data, with Friday's monthly jobs report being the most anticipated, will also be scrutinized, with the U.S. economy expected to add 87,500 nonfarm payrolls in July, up from 57,000 jobs in the previous month.