{
  "id": 267852,
  "title": "US stock futures rise ahead of jobs data",
  "url": "https://urgent.news/2026/08/07/us-stock-futures-rise-ahead-of-jobs-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T12:27:58.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/07/us-stock-futures-rise-ahead-of-jobs-data"
  },
  "original_language": "en",
  "account": "U.S. stock futures showed a promising upward trend on Friday, as market participants anticipated the release of a crucial employment report. This report is anticipated to have a significant impact on the path of monetary policy. Microchip Technology and Atlassian, both showing strong growth, contributed to the bullish sentiment. Atlassian's stock surged by 31.6% in premarket trading, while Microchip Technology climbed 8.9%. These gains led to projections of strong weekly gains for the main U.S. indexes. The S&P 500, Dow, and Nasdaq were all on track for their best week since April and the Nasdaq's biggest advance since May, respectively. This optimism was further fueled by better-than-anticipated results from AI-related companies, pushing the Dow and S&P 500 to new record highs and helping the Nasdaq recover from a recent downturn.\n\nMoreover, cloud security firm Cloudflare experienced a 16.1% rise following an upward revision of its full-year revenue forecast. Additionally, sectors such as semiconductors and solar panels saw gains, with chip stocks Marvell and Micron advancing by 2.4% and 1%, respectively. Meanwhile, software companies like Palo Alto and ServiceNow also demonstrated positive growth. In response to China's dominance in polysilicon production, the White House implemented price floors and a 15% tariff on products made from this raw material. This move aimed to bolster domestic production. Solar stocks, First Solar and SolarEdge, followed suit with gains of 6.1% and 1.5% respectively, as a result of the U.S. trade actions challenging Beijing's polysilicon monopoly.\n\nAt 6:56am, Dow E-minis increased by 27 points, or 0.05%, the S&P 500 E-minis gained 11 points, or 0.14%, and the Nasdaq 100 E-minis rose by 115 points, or 0.39%. Investors are closely monitoring the nonfarm payrolls figures for July, scheduled to be released by the Labor Department at 8:30am. Economists anticipate an addition of 80,000 jobs, an increase from the 57,000 jobs added in the previous month. The unemployment rate and average annual earnings are expected to remain unchanged at 4.2% and 3.5%, respectively. Erik Liem, a rates strategist at Commerzbank, suggested that a robust labor market could add to the argument for a rate increase, despite persistent inflation concerns. However, the Federal Reserve under new Chair Kevin Warsh has provided little guidance on monetary policy, leading to increased focus on economic data and statements from policymakers. The likelihood of a rate hike versus no change in September now stands at even odds, according to the CME FedWatch Tool.\n\nEarlier this month, traders had priced in a 37% chance of rates remaining unchanged, compared to a 63% probability for a rate increase. Recent events, such as Iran-aligned Houthis attacking Saudi Arabia and Iran considering a bill that could restrict access to the Strait of Hormuz for \"hostile\" vessels, have raised tensions. Additionally, Airbnb's stock jumped 7.5% after surpassing second-quarter revenue estimates, buoyed by strong global travel demand and increased participation from first-time users during the FIFA World Cup.",
  "summary": "The labor department will release the July nonfarm payrolls report, with the economy expected to have added 80,000 jobs, up from 57,000 in the previous month.",
  "key_points": [
    "U.S. stock futures show upward trend ahead of jobs data release",
    "Microchip Technology and Atlassian lead gains, contributing to bullish sentiment",
    "Nonfarm payrolls figures for July to be released at 8:30am"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Stock futures gain as traders bet weak jobs data will keep Fed from hiking rates: Live updates",
        "url": "https://urgent.news/2026/08/07/stock-futures-gain-as-traders-bet-weak-jobs-data-will-keep-fed-from",
        "published": "2026-08-07T12:35:32.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Fed's Barkin: Jobs data is more low hire, low fire",
        "url": "https://urgent.news/2026/08/07/feds-barkin-jobs-data-is-more-low-hire-low-fire",
        "published": "2026-08-07T14:31:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}