US stock futures pointed higher Monday morning, with S&P 500 contracts up around 0.6%, as investors weighed softer US jobs data against falling bond yields and cooler inflation expectations. July nonfarm payrolls showed a small job loss of 23,000 and weaker wage growth, signaling a slowing job market and less pressure from pay rises. The 10-year Treasury yield dropped to about 4.60% and one-year inflation expectations sit at 3.6%, suggesting borrowing costs could ease over time. Among top movers, Atlassian surged 35.31% after a series of analyst target hikes following strong Q4 results, Twilio jumped 24.89% as multiple banks raised price targets after a strong Q2 report, and Natera gained 21.37% following raised revenue guidance, analyst target hikes, and solid Q2 earnings. On the losing side, Zoetis declined 5.97% after cutting full-year 2026 revenue and EPS guidance, ResMed fell 5.06% following slightly lower analyst price targets after recent Q2 results, and Seagate Technology Holdings declined 4.71%. The next three sessions lean heavily on tech and communications earnings, alongside closely watched US inflation data, with US CPI data on Tuesday, US PPI and retail sales on Wednesday, and earnings reports from Ferguson Enterprises, Simon Property Group, and Cisco Systems.
