S&P 500 Futures Edge Higher as Softer Jobs Data Eases Rate Hike Fears

Macro
·US
Summary · why it matters

US stock futures are slightly higher after softer jobs data reduced the chance of another interest rate hike. E-mini S&P 500 contracts are up about 0.1% and Nasdaq futures are gaining around 0.4%, driven by a July payrolls decline of 23,000. Among individual movers, Bending Spoons surged 15.70% ahead of its Q2 2026 earnings report on August 13, Datadog jumped 11.48% after strong Q2 results and higher analyst targets, and Everpure gained 8.81% after multiple analyst upgrades. On the downside, Coherent declined 14.24% as optical stocks pulled back, Lumentum Holdings fell 8.61%, and GLOBALFOUNDRIES dropped 7.19% after a broker reduced its price target. Key earnings on the radar include CoreWeave, Sea Limited, and Cardinal Health on Tuesday, Cisco Systems on Wednesday, and Applied Materials on Thursday.

Impact on stocks 0