US stock futures were slightly up on Friday as investors looked ahead to the August jobs report. The previous day saw significant gains across the major indices, with the S&P 500 reaching a new record close. These gains were fueled by weaker-than-expected private payroll data and rising jobless claims, which increased expectations for a Federal Reserve rate cut.
- The Dow added 0.77% on Thursday.
- US stock futures inched higher Friday.
- Investors are awaiting the August jobs report.
This suggests a cautiously optimistic outlook for the Dow Jones. The potential for a Federal Reserve rate cut, spurred by indications of a cooling labor market, could provide further support. While gains are present in the market, the overall direction is uncertain and depends on the future data that comes in.