US stock futures are slightly higher this morning, with E mini S&P 500 contracts up about 0.2%, as investors weigh strong services activity against softer hiring and shifting interest rate expectations. The composite PMI for July sits at 54.5, a broad scorecard showing private sector growth at a nine-month high, though input costs are at a 14-month high. ADP data shows only 44,000 private jobs added, the smallest gain in six months, while the 10-year Treasury yield hovers near 4.6%. Among individual movers, Insmed jumped 33.86% after a strong Q2 beat and a Jefferies price target increase, MACOM Technology Solutions Holdings gained 14.49% following record Q3 results and a higher Evercore ISI price target, and Venture Global rose 9.25% on no specific company news. Honeywell Aerospace fell 23.16% after Q2 results and multiple price target cuts highlighted supply chain pressures, AppLovin declined 19.66% as mixed Q2 results and several analyst downgrades weighed on sentiment, and Datadog dropped 19.03% following Q2 earnings and guidance that trailed some analyst expectations.
