Global stocks saw gains as futures on U.S. indices showed mixed results on Thursday following record highs for the S&P 500 and Nasdaq Composite in the previous session.
Despite U.S. markets being closed for Independence Day, stock futures remained active. Dow industrials futures rose, Nasdaq-100 futures edged lower, and S&P 500 futures held steady.
Tesla’s stock surge and weaker labor market data boosted the S&P 500 and Nasdaq on Wednesday. Investors now await the June jobs report, expected Friday, which forecasts the creation of 200,000 jobs and a steady unemployment rate of 4%.
Slower job growth or rising unemployment could signal economic cooling, potentially prompting the Federal Reserve to consider interest rate cuts in September.