U.S. stock futures are relatively flat ahead of the Wall Street open after the benchmark S&P 500 settled at a new record on Wednesday.

All eyes will be on Jobs data today with non-farm payrolls expected to rise by about 110K but the unemployment rate is estimated to rise 0.1% to 4.3%. Investors will also focus on Services data with PMI and ISM numbers due.

Stock Markets close at 1 pm ET today ahead of the 4th of July Holiday tomorrow.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.1% near $67.40 a barrel as the possibility of U.S. tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.
• Gold (/GC) – Gold prices are down 0.1% near $3360 as investors awaited U.S. non-farm payrolls data that could influence the Federal Reserve’s timeline for interest rate cuts.
• Bitcoin (/BTC) – The Crypto Future is relatively flat near 110.4K and just 1.7% off of its all-time highs.
• VIX – The CBOE Volatility Index fell 1% on Wednesday and settled at 16.64 as stocks were higher.
• U.S. Dollar (/DX) – The dollar is basically unchanged at 96.5.

Biggest Premarket Movers (Mark % Change as of 7 AM ET)

1. Cadence Design Systems (CDNS): +4.52%
2. Synopsys (SNPS): +4.18%
3. First Solar (FSLR): +3.91%

1. Bristol Myers Squibb (BMY): -1.09%
2. Apple (AAPL): -0.64%
3. Applied Materials (AMAT): -0.61%

Economic Data

• 8:30AM ET: Jobless Claims, June Employment Situation, International Trade in Goods/Services
• 9:45AM ET: PMI Composite — Final
• 10:00AM ET: ISM Services Index, Factory Orders
• 10:30AM ET: Natural Gas Inventories
• 11:00AM ET: Fed’s Bostic Speaks
• 1:00PM ET: Markets Close

Notable Earnings

• Premarket: None
• Postmarket: None
• Premarket Monday: None
• Postmarket Monday: None

Upgrades/Downgrades

• Needham upgrades Meta Platforms (META) to Hold from Underperform
• Wolfe Research upgrades Huntington (HBAN) to Outperform from Peer Perform
• BNP Paribas Exane upgrades FedEx (FDX) to Outperform from Underperform
• Wolfe Research downgrades PNC Financial (PNC) to Peer Perform from Outperform

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.