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Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

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Update: US Equity Indexes Decline as September Rate-Increase Bets Jump Following Robust Jobs Report

(Updates with index/price moves from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.3% to 26,501.9, the S&P 500 retreated 0.4% to 7,716.9, and the Dow Jones Industrial Average declined 0.5% to 53,435.8 ahead of Friday's close. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 58% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Fed to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up 4.5 basis points to 4.38%. The 10-year yield advanced 2.2 basis points to 4.78% in the final leg of trading.

Dow JonesNasdaq CompositeS&P 500
Update: Equities Fall Intraday as Jobs Report Lifts Rate Hike Bets
US Markets

Update: Equities Fall Intraday as Jobs Report Lifts Rate Hike Bets

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday as a stronger-than-expected August jobs report boosted the odds of the Federal Reserve raising interest rates as early as this month.The Dow Jones Industrial Average was down 0.5% at 53,412.4 after midday Friday. The S&P 500 and the Nasdaq Composite lost 0.3% each to 7,721.2 and 26,506.9, respectively.Most sectors were in the red intraday Friday, led by consumer discretionary, while industrials paced the gainers.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, nearly triple the 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall.The jobs report comes as the Federal Reserve weighs labor-market conditions and inflation expectations ahead of its policy meeting later this month. Fed Chair Kevin Warsh said late last month that the US economy was "doing well" on employment, describing inflation numbers as more concerning.Markets are pricing in a 58% probability that the Federal Open Market Committee will raise its benchmark lending rate on Sept. 16, up from 49% on Thursday, according to the CME FedWatch tool."The labor market strength and resilience evident in the August employment report with upward job revisions over the past two months nearly wipe away the narrative of labor market deterioration over the summer," BMO Chief US Economist Scott Anderson said in a note."The report adds important weight to the hawks' argument that inflation may not moderate back toward the Fed's 2.0% target in a timely manner without at least a nudge up in interest rates to help cool aggregate demand."Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Treasury yields were higher intraday, with the two-year rate rising 3.6 basis points to 4.37% and the 10-year rate up 0.6 basis point at 4.77%.West Texas Intermediate crude oil was little changed at $91.29 a barrel, while Brent rose 0.6% to $96.06. The benchmarks were on track for weekly gains.In company news, Lululemon (LULU) shares tanked 17% intraday, the worst performer on the S&P 500, as the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.UiPath (PATH) slid 17% after the software company released its latest quarterly results late Thursday.Zscaler (ZS) fell 4.9% even as the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook. The company's guidance is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note.Bucking the market's downward trend, tech-related stocks were higher intraday, with SanDisk (SNDK) up 11%, the biggest gain on the S&P 500. Super Micro Computer (SMCI), Marvell Technology (MRVL) and Western Digital (WDC) also advanced.Spot gold was 0.8% lower at $4,435.64 per troy ounce, while silver lost 1.3% to $66.81 per ounce.

Dow JonesNasdaq CompositeS&P 500$LULU$MRVL$PATH$SMCI$SNDK$WDC$ZS
Asia Markets

Exchange-Traded Funds Mixed, US Equities Lower After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM rose and IVV fell. Actively traded Invesco QQQ Trust (QQQ) gained 0.2%.US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost almost 0.6%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.8%; iShares US Technology ETF (IYW) rose 0.4%, and iShares Expanded Tech Sector ETF (IGM) added 0.5%.The State Street SPDR S&P Semiconductor (XSD) was up 2.7%, while iShares Semiconductor (SOXX) advanced 3.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.7%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.8%.CommoditiesCrude oil fell 0.6%, and the United States Oil Fund (USO) lost 0.5%. Natural gas added 1.2%, and the United States Natural Gas Fund (UNG) gained 1%.Gold on Comex dipped 1.2%, and the State Street SPDR Gold Shares (GLD) fell 0.8%. Silver eased 1.5%, and iShares Silver Trust (SLV) was down 1.3%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.5%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) lost 1.4%. The VanEck Retail ETF (RTH) fell 0.2%, and the State Street SPDR S&P Retail (XRT) added 1%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) dipped 0.9%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower as well, and iShares Biotechnology ETF (IBB) shed 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.4%. The Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also advanced.CryptocurrencyIn midday activity, bitcoin (BTC-USD) was down 2.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 2.5%, ProShares Ether ETF (EETH) fell 2.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) slipped 3.4%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Asia Markets

Update: US Equity Indexes Fall as September Fed Rate Increase Odds Surge Following Strong Jobs Report

(Updates with index/price moves, economist comments and company/geopolitical news from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up three basis points to 4.36%. The 10-year yield was unchanged at 4.77%.Gold futures dropped 1.4% to $4,478.2, and silver futures declined 1.5% to $66.65.In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported Friday, citing unnamed sources. Shares dropped 2.3%, the Dow's worst performer.US Vice President JD Vance said the US will investigate the strike on an Iranian wedding party in Kuhestak, Al Jazeera, a Middle Eastern broadcaster, reported. The US has changed Tehran's calculations, Iran's first vice president said while warning its response to US attacks will be "asymmetrical" and "multi-layered," according to the news report.The front-month US West Texas Intermediate crude oil contract declined 0.8% to $90.61 per barrel, and global benchmark North Sea Brent slipped 0.1% to $95.41 per barrel.

Dow JonesNasdaq CompositeS&P 500$AAPL$LULU
Japan

Update: US Equity Indexes Fall as Robust Jobs Report Lifts Odds of September Fed Rate Increase

(Updates with index/price moves, macroeconomic data and company news from the first paragraph.)US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$LULU
Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.03%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.5% in Friday's premarket activity, as the August jobs report topped estimates.US stock futures were mixed, with S&P 500 Index futures down 0.24%, Dow Jones Industrial Average futures slipping 0.34%, and Nasdaq futures gaining 0.5% before the start of regular trading.Nonfarm payrolls jumped by 162,000, well above the 55,000 jobs increase expected in a survey compiled by Bloomberg as of 7:15 am ET.The unemployment rate remained at 4.1%, as expected, while the labor force participation rate rose to 61.6% from 61.4% in July and the size of the labor force surged.In premarket action, bitcoin was up by 1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.8% lower, Ether ETF (EETH) was down 2.91%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.38, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.07, and the iShares US Consumer Staples ETF (IYK) was up 0.8%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.64%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was inactive.Tesla (TSLA) shares were down 3.2% pre-bell after Future Fund Managing Director Gary Black Gary Black on X called the Cybercab event "largely a bust" because of its limited deployment details and the lack of a livestream.The autonomous cab service also came under investigation by the US National Highway Traffic Safety Administration over the process used to claim compliance with federal vehicle safety standards.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.7%, the iShares US Technology ETF (IYW) was roughly 0.5% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose by more than 1.3%, while the iShares Semiconductor ETF (SOXX) rose by 1.9%.Nvidia (NVDA) shares were up almost 1% in premarket activity after the company said its RTX platform is gaining new tools to simplify local AI agent deployment and also increased its equity investments to $99 billion, CNBC reported Friday.The company is also reportedly expected to invest billions of dollars in AI developer Thinking Machines Lab, The Information reported Thursday, citing the firm's existing investor, Andreessen Horowitz.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) dropped 0.2%, the Vanguard Health Care Index Fund (VHT) was down 1.2%, while the iShares US Healthcare ETF (IYH) slipped 0.2%. The iShares Biotechnology ETF (IBB) gained 0.03%.Novo Nordisk (NVO) stock was down 2.2% premarket after the company said its charitable foundation and its Quantum Foundry Copenhagen company are planning to set up a new 5,300-square-meter quantum chip production facility in Copenhagen.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was down 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up nearly 1%, while its counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was over 1.1% higher.Robinhood Markets (HOOD) shares traded down 3.7% in early-hours activity after AMC Entertainment (AMC) CEO Adam Aron criticized Robinhood Markets (HOOD) on the recently launched tokenized version of AMC shares, referring to the practice as "contemptible" and "outrageous".IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced almost 0.1%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.GE Vernova (GEV) stock was up 0.6% before the opening bell after the company reported a deal with the Venezuelan government that is expected to help stabilize the country's power grid within a year by adding 1 gigawatt of new power, several media outlets reported Thursday, citing US Energy Secretary Chris Wright.EnergyThe iShares US Energy ETF (IYE) retreated by around 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.6%.NextEra Energy (NEE) stock was down 0.4% before the market open after Dominion Energy (D) and NextEra said shareholders have given consent to proceed with a planned merger between the companies, according to regulatory filings Thursday.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $90.93 per barrel on the New York Mercantile Exchange. Natural gas was up 0.3% to $2.92 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for November retreated by 0.5% to $4,515.20 an ounce on the Comex. Silver futures lost 0.3% to $67.49 an ounce. SPDR Gold Shares (GLD) was down by almost 0.1%, and the iShares Silver Trust (SLV) dropped by 0.04%.

Dow JonesNasdaq CompositeS&P 500$AMC$BETH$BITO$D$EEM$EETH$EXI$FAS$FAZ$GEV$GLD$HOOD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NEE$NVDA$NVO$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Stocks Mostly Down Pre-Bell After Strong Jobs Report
US Markets

Stocks Mostly Down Pre-Bell After Strong Jobs Report

US equity markets were mostly tracking lower before the opening bell Friday as investors parsed a stronger-than-expected jobs report for August.The S&P 500 fell 0.2% and the Dow Jones Industrial Average declined 0.3% in premarket activity. Nasdaq Composite futures were up 0.1%.The three indexes finished the previous trading session higher, with the Dow and the S&P 500 posting their biggest single-day percentage gains in more than four weeks.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, nearly triple the 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to a gain of 21,000 from a fall of 23,000.The jobs report comes as the Federal Reserve weighs labor-market conditions and inflation expectations ahead of its policy meeting later this month. Fed Chair Kevin Warsh said late last month that the US economy was "doing well" on employment, describing inflation numbers as more concerning.Markets are pricing in a 58% probability that the Federal Open Market Committee will raise its benchmark lending rate at its September meeting, according to the CME FedWatch tool.Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.West Texas Intermediate crude oil slipped 0.5% to $90.83 a barrel, while Brent inched 0.3% lower to $95.21.Treasury yields were higher, with the two-year rate rising 5.7 basis points to 4.393% and the 10-year rate increasing 2.6 basis points to 4.786%.Lululemon (LULU) shares tanked about 20% early Friday as the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.UiPath (PATH) fell 11% after the software company released its latest quarterly results late Thursday.Spot gold was 1.9% lower at $4,388.89 per troy ounce.

Dow JonesNasdaq CompositeS&P 500$LULU$PATH
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Traders Assess August Employment Report

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday as traders parsed the employment report for August for a view on how the labor market is faring.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were 0.1% higher.Federal Reserve Governor Christopher Waller told Reuters Thursday he is leaning toward keeping interest rates steady at the central bank's September meeting if upcoming inflation data shows that price pressures are continuing to moderate. However, he added, "If inflation comes in hot, I would consider a rate hike."The EU has formally joined US-led economic sanctions on Iran. In a post on X, US Treasury Secretary Scott Bessent said, "The world is sending a clear message to the Iranian regime: We will not stop until every remaining financial lifeline has been severed."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $94.89 per barrel and US West Texas Intermediate crude 0.9% lower at $90.48 per barrel.The August national unemployment rate was reported at 4.1%, unchanged from the prior month and meeting expectations according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1.3% higher, Hong Kong's Hang Seng ended 1.7% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Tesla (TSLA) shares dropped 3.1% after the US National Highway Traffic Safety Administration said that the company's Cybercab is under investigation over the process used to claim compliance with federal vehicle safety standards. BHP Group (BHP) stock was down 1.8% after the company said it was aware of recent media speculation regarding a potential partnership involving part of its Western Australia Iron Ore business. Lululemon Athletica (LULU) shares fell more than 20% after the company reported late Thursday a decline in its fiscal Q2 results and cut its full-year outlook.On the winning side, Nvidia (NVDA) shares rose 1.1% after a CNBC report that the company has increased its equity investments more than ten-fold in the past year to $99 billion as of July 26. United Microelectronics (UMC) stock was up 2.3% after the company reported sales of 25.04 billion New Taiwan dollars ($790.6 million) in August, up 30.71% from a year earlier.

Dow JonesNasdaq CompositeS&P 500$BHP$LULU$NVDA$TSLA$UMC
Japan

US Equity Futures Mostly Higher Pre-Bell as Traders Await August Employment Report

US equity futures were mostly higher pre-bell Friday as traders awaited the employment report for August for a view on how the labor market is faring.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.5% higher.Federal Reserve Governor Christopher Waller told Reuters Thursday he is leaning toward keeping interest rates steady at the central bank's September meeting if upcoming inflation data shows that price pressures are continuing to moderate. However, he added, "If inflation comes in hot, I would consider a rate hike."The EU has formally joined US-led economic sanctions on Iran. In a post on X, US Treasury Secretary Scott Bessent said, "The world is sending a clear message to the Iranian regime: We will not stop until every remaining financial lifeline has been severed."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $94.87 per barrel and US West Texas Intermediate crude 0.8% lower at $90.53 per barrel.The unemployment rate for August, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.1%, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Tech Strength Lifts Wall Street Pre-Bell; Asia Up, Europe Muted

Wall Street futures pointed moderately higher pre-bell Friday as traders again favored tech issues, while bond yields and crude oil prices slipped into neutral.In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.5% and the Dow Jones was off 0.1%.Investors also await the national non-farm payrolls report for August from Washington at 8:30 am ET, for a window into how the labor market is faring against higher energy bills and interest rates.The VanEck Semiconductor fund (SMH) traded up 1.5% pre-bell.West Texas Intermediate crude oil futures traded down 0.9% at $90.49 in morning action.Asian exchanges traded mostly higher overnight, on easing interest rates and a tech-sector rally.European bourses inched north midday on the continent.Lululemon Athletica (LULU) traded down nearly 20% pre-bell after the clothing enterprise overnight reported fiscal Q2 earnings above expectations, but missed on revenue and cut fiscal 2026 guidance.On the economic calendar, in addition to the jobs report, is the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm ET.In pre-market action, Bitcoin traded at $80,920, and 10-year US Treasuries offered 4.76%. Spot gold commanded $4,475 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Jump as Sliding Odds for Fed Policy Tightening in September Push Treasury Yields Lower

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes rose in a broad-based rally as falling odds of the Federal Reserve increasing interest rates later this month pushed government bond yields lower.The Nasdaq Composite rose 1.4% to 26,584.06, the S&P 500 climbed 1.1% to 7,747.71, and the Dow Jones Industrial Average advanced 1.2% to 53,686.11 on Thursday. All sectors rose except energy, materials and consumer staples. Communication services, consumer discretionary and financials topped the gainers.Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print shows progress toward the central bank's 2% goal."Yields retreated in reaction to Waller's latest comments," Lindsey Piegza, chief economist at Stifel, said in a note. "The relatively quick and notable reaction in the market to the latest Fed commentary suggests investors were already skeptical of the Fed's intentions to move forward with firmer policy as early as later this month."The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.Treasury yields fell, with the 10-year down 2.4 basis points to 4.77% and the two-year lower by 4.6 basis points to 4.34%.Gold futures surged 2.4% to $4,518.3, and silver futures soared 3.2% to $67.53.In company news, Palantir Technologies (PLTR) and PwC expanded their strategic alliance to help enterprises deploy artificial intelligence tools across critical business operations, PwC said Thursday. Palantir shares jumped 7.7%, the top gainer on the S&P 500 and the Nasdaq.Nvidia (NVDA) has agreed to acquire Hugging Face for $12.93 billion, Chief Executive Jensen Huang said in a blog post.Snowflake (SNOW) shares soared 17% as the cloud-based data platform lifted its full-year product revenue outlook. Snowflake could see faster revenue growth as business use of AI increases demand for data products, and strong usage and backlog trends combined with wider AI adoption could push growth above current expectations, UBS said in a note.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.In economic news, initial jobless claims rose sequentially to 206,000 during the week ended Aug. 29 from an upwardly revised 204,000, compared with expectations for an increase to 205,000 in a Bloomberg-compiled survey. The four-week moving average rose by 1,500 to 207,250.The Institute for Supply Management's US services index rose to 55.4 in August from 54.1 in July, compared with expectations for no change in a survey compiled by Bloomberg. The index now sits at its highest since February, before Operation Epic Fury and the run-up in energy prices from the closure of the Strait of Hormuz, according to a Jefferies note.

Dow JonesNasdaq CompositeS&P 500$NVDA$PLTR$SNOW
Update: Dow Marks Best Day in More Than 4 Weeks as Rate Hike Bets Ease
US Markets

Update: Dow Marks Best Day in More Than 4 Weeks as Rate Hike Bets Ease

(Updates with market moves at the end of the day, and other changes, if any.)The Dow Jones Industrial Average and the S&P 500 rose the most in more than four weeks on Thursday as traders tempered expectations for a September interest rate hike.The Dow advanced 1.2% to close at 53,686.11, while the S&P 500 climbed 1.1% to 7,747.71 -- both marking their biggest single-day percentage gains since Aug. 4. The Nasdaq Composite rose 1.4% to 26,584.06. Most sectors ended in the green, led by consumer discretionary, while energy saw the biggest drop.Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Markets are now almost evenly split between a tighter policy later this month and another Fed pause, according to the CME FedWatch tool. The probability of a 25-basis-point rate hike was 63% on Wednesday."The relatively quick and notable reaction in the market to the latest Fed commentary suggests investors were already skeptical of the Fed's intentions to move forward with firmer policy as early as later this month," Stifel Chief Economist Lindsey Piegza said in a note e-mailed to.Treasury yields were lower, with the two-year yield down 4.6 basis points at 4.34% and the 10-yield yield falling 2.2 basis points to 4.77%.West Texas Intermediate crude oil was up 0.8% at $91.72 a barrel in Thursday late-afternoon trade, while Brent edged up 0.2% to $95.80.The Kuwaiti military said Thursday it was confronting missile and drone attacks from Iran.Earlier this week, the US Central Command said that its forces completed a wave of strikes against Iranian military targets.In company news, shares of Broadcom (AVGO) fell 2.7% after releasing its latest financial results. The chipmaker's guidance that its artificial intelligence revenue will double in fiscal 2027 was slightly below Wall Street's consensus but the company is likely to "handily" top the projection, Truist Securities said in a note.Snowflake (SNOW) jumped nearly 17% as the cloud-based data platform lifted its full-year product revenue outlook.Ciena (CIEN) was the worst performer on the S&P 500, down 10%, despite raising its full-year revenue outlook as the networking systems and software company reported better-than-expected fiscal third-quarter results.Campbell's (CPB) guided for a soft fiscal 2027 outlook amid persistent inflation worries and cut quarterly dividend. The stock slumped 7%.In economic news, US job cut announcements in August hit the lowest total for the month in four years, Challenger, Gray & Christmas said, ahead of the official jobs report due Friday.The US economy likely added 55,000 nonfarm jobs in August, compared with a loss of 23,000 reported for the month prior, according to a Bloomberg poll. The unemployment rate seen holding at 4.1%.Spot gold rose 2.1% to $4,471.47 per troy ounce, while silver advanced 3.2% to $67.58 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVGO$CIEN$CPB$SNOW
Japan

US Equity Markets End Higher as Expectations Build for Fed to Keep Rates Steady

US equity indexes ended higher Thursday in a broad-based rally amid rising expectations that the Federal Reserve will keep interest rates unchanged.* Fed Governor Christopher Waller said he would be "inclined to support" holding rates steady at the Federal Open Market Committee meeting in September if August inflation data shows progress toward the central bank's 2% goal.* The probability of the Fed raising its target rate by 25 basis points to 3.75% to 4.0% in September fell to 50.4% from 63.2% a day ago, according to the CME FedWatch tool.* Initial jobless claims last week rose to 206,000 from an upwardly revised 204,000, compared with expectations for an increase to 205,000 in a Bloomberg survey.* October West Texas Intermediate crude oil rose $0.57 to settle at $91.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.07 at $95.70.* Palantir Technologies (PLTR) and PwC expanded their alliance to help enterprises deploy AI tools across critical business operations. Palantir shares rose 7.7%, the second-biggest gain on the Nasdaq.* Ciena (CIEN) shares fell 10%, the largest decline on the S&P 500, even after the company reported better-than-expected fiscal Q3 results.

Dow JonesNasdaq CompositeS&P 500$CIEN$PLTR
Asia Markets

Update: US Equity Indexes Rise as Plunging Fed Policy Tightening Odds Send Treasury Yields Lower

(Updates with index/price moves and company news from the first paragraph.)US equity indexes rose in a broad-based rally as a fall in market expectations for an interest-rate increase this month pushed government bond yields lower.The Nasdaq Composite rose 1.3% to 26,555.7, the S&P 500 climbed 1% to 7,740.9, and the Dow Jones Industrial Average advanced 1.2% to 53,675.5 ahead of Thursday's close. All sectors except energy and materials rose. Communication services, consumer discretionary and financials topped the gainers.Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print shows progress toward the central bank's 2% goal."Yields retreated in reaction to Waller's latest comments," Lindsey Piegza, chief economist at Stifel, said in a note. "The relatively quick and notable reaction in the market to the latest Fed commentary suggests investors were already skeptical of the Fed's intentions to move forward with firmer policy as early as later this month."The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.Treasury yields fell, with the 10-year down 2.6 basis points to 4.77% and the two-year lower by five basis points to 4.34% in the final leg of trading.In company news, Palantir Technologies (PLTR) and PwC expanded their strategic alliance to help enterprises deploy artificial intelligence tools across critical business operations, PwC said Thursday. Palantir shares jumped 8.1%, the top gainer on the S&P 500 and the Nasdaq.Nvidia (NVDA) has agreed to acquire Hugging Face for $12.93 billion, Chief Executive Jensen Huang said in a blog post.Snowflake (SNOW) shares soared 18% as the cloud-based data platform lifted its full-year product revenue outlook. Snowflake could see faster revenue growth as business use of AI increases demand for data products, and strong usage and backlog trends combined with wider AI adoption could push growth above current expectations, UBS said in a note.

Dow JonesNasdaq CompositeS&P 500$NVDA$PLTR$SNOW
Asia Markets

Update: US Equity Indexes Rise, Treasury Yields Slump Amid Plunging Bets of September Fed Policy Tightening

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose as government bond yields slumped amid a fall in market expectations of an interest rate increase as early as this month.The Nasdaq Composite rose 1.3% to 26,555.7, the S&P 500 climbed 1% to 7,740.9, and the Dow Jones Industrial Average advanced 1.2% to 53,675.5. All sectors except materials rose. Communication services, consumer discretionary and financials topped the gainers.Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print shows progress toward the central bank's 2% goal.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.Treasury yields fell, with the 10-year down four basis points to 4.75% and the two-year lower by five basis points to 4.34%.Gold futures surged 2.7% to $4,534.7, and silver futures soared 3.4% to $67.67.The US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract added 0.7% to $91.62 per barrel, and global benchmark North Sea Brent climbed 0.1% to $95.73 per barrel.In economic news, initial jobless claims rose sequentially to 206,000 during the week ended Aug. 29 from an upwardly revised 204,000, compared with expectations for an increase to 205,000 in a Bloomberg-compiled survey. The four-week moving average rose by 1,500 to 207,250.The Institute for Supply Management's US services index rose to 55.4 in August from 54.1 in July, compared with expectations for no change in a survey compiled by Bloomberg. The index now sits at its highest since February, before Operation Epic Fury and the run-up in energy prices from the closure of the Strait of Hormuz, according to a Jefferies note.The ISM reading is in line with the New York Fed and Dallas Fed's services prints that indicated expansion. The other regional Fed measures indicated contraction.The S&P Global US services index was revised downward to 56.5 in August from the 56.8 flash reading, as expected in a survey compiled by Bloomberg. The August print remains above July's 54.6.In company news, Nvidia (NVDA) has agreed to acquire Hugging Face for $12.93 billion, Chief Executive Jensen Huang said in a blog post.

Dow JonesNasdaq CompositeS&P 500$NVDA
Equities Jump Intraday, Yields Fall as Markets Split Over Fed's Next Move
US Markets

Equities Jump Intraday, Yields Fall as Markets Split Over Fed's Next Move

US benchmark equity indexes were advancing intraday and Treasury yields dropped as markets remained split over the Federal Reserve's next move.The Nasdaq Composite was up 1.3% at 26,569.6 after midday Thursday, while the Dow Jones Industrial Average rose 1.1% to 53,653.9. The S&P 500 climbed 1% to 7,744.5. The indexes finished the previous trading session higher, snapping a three-day losing streak.Except materials all sectors were in the green intraday Thursday, led by consumer discretionary.Treasury yield were lower intraday, with the two-year yield down 4.8 basis points at 4.34% and the 10-yield yield falling 3.8 basis points to 4.76%.Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Markets are now evenly split between a tighter policy later this month and another Fed pause, according to the CME FedWatch tool. The probability of a 25-basis-point rate hike was 63% on Wednesday.West Texas Intermediate crude oil rose 0.5% to $91.45 a barrel intraday, while Brent was little changed at $95.66.In company news, shares of Broadcom (AVGO) fell 2.9% intraday after releasing its latest financial results. The chipmaker's guidance that its artificial intelligence revenue will double in fiscal 2027 was slightly below Wall Street's consensus but the company is likely to "handily" top the projection, Truist Securities said in a note.Snowflake (SNOW) jumped nearly 21% as the cloud-based data platform lifted its full-year product revenue outlook.Ciena (CIEN) was the worst performer on the S&P 500, down 9.3%, despite raising its full-year revenue outlook as the networking systems and software company reported better-than-expected fiscal third-quarter results.Campbell's (CPB) guided for a soft fiscal 2027 outlook amid persistent inflation worries and cut quarterly dividend. The stock slumped 9.4%.Spot gold rose 2.4% to $4,487.83 per troy ounce, while silver advanced 3.4% to $67.66 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVGO$CIEN$CPB$SNOW
Asia Markets

Exchange-Traded Funds Rise as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 1.2%.US equity indexes rose as declining government bond yields helped lift investor sentiment.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose almost 0.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 1.2%; iShares US Technology ETF (IYW) rose 1.6%, and iShares Expanded Tech Sector ETF (IGM) added 1.3%.The State Street SPDR S&P Semiconductor (XSD) gained 0.2%, while iShares Semiconductor (SOXX) eased 0.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 1.4%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 4.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 4%.CommoditiesCrude oil rose 0.6%, and the United States Oil Fund (USO) added 0.7%. Natural gas dropped 1.3%, and the United States Natural Gas Fund (UNG) declined 1.5%.Gold on Comex added 2.7%, and the State Street SPDR Gold Shares (GLD) advanced 2.1%. Silver rose 3.3%, and iShares Silver Trust (SLV) gained 2.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was little changed. The Vanguard Consumer Staples ETF (VDC) gained 0.2%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) added 1.6%. The VanEck Retail ETF (RTH) climbed 1%, and the State Street SPDR S&P Retail (XRT) advanced 0.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) was little changed; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) each droped 0.15, and iShares Biotechnology ETF (IBB) shed 0.3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.7%. The Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also gained.CryptocurrencyIn midday activity, bitcoin (BTC-USD) was up 4.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 4.9%, ProShares Ether ETF (EETH) rose 4.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) slipped 0.2%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Rise After Treasury Yields Slump

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose as declining government bond yields helped lift investor sentiment amid a move higher in crude oil prices.The Nasdaq Composite rose 1.3% to 26,554.9, the S&P 500 climbed 1% to 7,741.6, and the Dow Jones Industrial Average advanced 1.1% to 53,666.9. All sectors except healthcare and materials rose. Communication services and consumer discretionary topped the gainers.Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print shows progress toward the central bank's 2% goal.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.Treasury yields fell, with the 10-year down 4.4 basis points to 4.75% and the two-year lower by 5.4 basis points to 4.33%.The US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract added 1.2% to $92.07 per barrel, and global benchmark North Sea Brent climbed 1% to $96.54 per barrel.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Markets Weigh Oil Prices, Tech Earnings

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) was 0.04% higher in Thursday's premarket activity as investors weigh higher oil prices and tech earnings reports.US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures retreating 0.1% before the start of regular trading.Outplacement firm Challenger, Gray & Christmas said Thursday that companies planned to cut 52,881 jobs in August, up from 33,429 in July but below 85,979 layoff intentions in August 2025.S&P Global services data for August will be released at 9:45 am ET, followed by the ISM services report for August at 10 am ET.The weekly natural gas stocks data is scheduled for a 10:30 am ET release.In premarket action, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher, Ether ETF (EETH) advanced 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.2%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.1% higher.Ultragenyx Pharmaceutical (RARE) shares were down 47% in premarket activity after the company said overnight that its phase 3 Aspire study of apazunersen in Angelman syndrome - a rare neurogenetic disorder - failed to meet the primary endpoint and a key secondary endpoint.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.4%, the iShares US Technology ETF (IYW) was 0.03% lower, and the iShares Expanded Tech Sector ETF (IGM) was up 1.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) decreased 0.3%, while the iShares Semiconductor ETF (SOXX) declined 1.3%.Snowflake (SNOW) shares were up 23% in premarket activity Thursday after the company overnight reported better-than-expected fiscal Q2 results and raised its full-year product revenue guidance.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.AeroVironment (AVAV) stock was up more than 6%, a day after the company said it has been awarded a $464.8 million contract by the US Army's Portfolio Acquisition Executive for Fires program office for the Enduring-High Energy Laser program.EnergyThe iShares US Energy ETF (IYE) gained 0.01%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.Scorpio Tankers (STNG) stock was up 2.2% before market open, nearly reversing the gain at the prior session. The company said it has entered into time charter agreements for three product tankers.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.2% higher.Tesla (TSLA) shares were up more than 1% pre-bell after Reuters reported that the company has begun on-road tests of its Full Self-Driving system in France.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.Intercontinental Exchange (ICE) shares traded up 1% in early-hours activity after the company said that its New York Stock Exchange subsidiary and Korea Exchange signed a memorandum of understanding to collaborate on expanding access to global capital markets.CommoditiesFront-month US West Texas Intermediate crude oil was up by 1.3% at $92.21 per barrel on the New York Mercantile Exchange. Natural gas was 1.3% higher at $2.99 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 1.4%, while the United States Natural Gas Fund (UNG) advanced 0.3%.Gold futures for November were up by 1.6% at $4,485.90 an ounce on the Comex. Silver futures advanced 1.2% to $66.22 an ounce. SPDR Gold Shares (GLD) increased 1.9%, and the iShares Silver Trust (SLV) was 1.5% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Monitor Bond Yields, Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Thursday as traders continued to monitor bond yields and oil prices.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.1% higher.The US 10-year Treasury note yield lingered around 4.78%. New York Federal Reserve President John Williams told CNBC Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. He added that he is taking a "wait-and-see" approach on a potential interest rate hike.Traders digested the latest round of earnings, with Ciena (CIEN) posting higher fiscal Q3 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.4% at $97 per barrel and US West Texas Intermediate crude 2% higher at $92.79 per barrel.The US international trade deficit, released at 8:30 am ET, widened to $88.58 billion in July from the revised $71.18 billion gap in June, compared with a $90.2 billion gap expected in a survey compiled by Bloomberg. The weekly jobless claims bulletin showed 206,000 new unemployment claims for the week ended Aug. 29, compared with the upwardly revised figure of 204,000 in the prior week, and the 205,000 expected.Q2 nonfarm productivity increased at a 1.4% annual rate as expected, while unit labor costs increased 1.2%, compared with the 1.3% gain expected.The S&P Global purchasing managers' index composite final report for August is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET.Federal Reserve Governor Christopher Waller and Cleveland President Beth Hammack are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Tesla (TSLA) shares rose 1.7% after a Reuters report citing French Transport Minister Philippe Tabarot as saying that the company has begun on-road tests of its Full Self-Driving system in France. Snowflake (SNOW) stock was up more than 24% after the company posted late Wednesday better-than-expected fiscal Q2 results and raised its fiscal 2027 product revenue guidance. Ciena shares were 2.4% higher after the company reported a fiscal Q3 adjusted earnings and revenue beat.On the losing side, Broadcom (AVGO) stock was down 3% after the company reported its fiscal Q3 financial results on late Wednesday. Hewlett Packard Enterprise (HPE) shares dropped 4.7% despite the company posting higher fiscal Q3 non-GAAP earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$AVGO$CIEN$HPE$SNOW$TSLA

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