Stock Market Today: Live Updates

The S&P 500 index opened just above zero, while the Nasdaq Composite was up 0.15% shortly after 9:30 a.m. ET. The Dow Jones Industrial Average fell 55 points, or about 0.1%.

— Pia Singh

The June jobs report data is expected to push central banks to cut interest rates this fall, according to Renaissance Macro Research.

“This is not a close bet,” the firm wrote in a July 5 post on X. “The unemployment rate is rising and wage growth is slowing. Labor market conditions are cooling. The tradeoffs for the Fed have changed. If it doesn’t cut rates this month, it should send a strong signal that a cut is on the cards in September.”

The unemployment rate rose to 4.1 percent in June, the Labor Department said Friday, beating expectations for a steady 4 percent unemployment rate. The U.S. economy added 206,000 jobs in the month, a sign of continued strength in the labor market.

— Pia Singh

The June jobs report showed 206,000 jobs added in the United States, the Labor Department said Friday. Economists polled by Dow Jones had expected an increase of 200,000. The unemployment rate climbed to 4.1 percent.

The June figure is down from the previous month. The May figure was revised downward from 272,000 to 218,000.

— Jesse Pound

Here are the stocks that moved the most during pre-market trading:

• Macy’s — Shares of the retailer jumped more than 6% after a Wall Street Journal report that a group of investors has increased its takeout offerings.
• Tesla — The electric vehicle maker jumped 2%, marking a continued comeback after its second-quarter vehicle deliveries beat analysts’ estimates earlier this week.
• Novo Nordisk — U.S.-listed shares of the pharmaceutical giant rose 1.9% in premarket trading, even after a Harvard study linked semaglutide, found in Novo Nordisk’s Ozempic and Wegovy, to an increased risk of a rare eye disease.

Read the full list of moving actions here.

— Lisa Kailai-Han

Bitcoin-linked stocks fell after the cryptocurrency fell 5% to its lowest level since February as the now-defunct Mt. Gox exchange began paying back its creditors as scheduled.

Coinbase and MicroStrategy each fell 5% in premarket trading. Among miners, Iris Energy fell 8%, while CleanSpark dropped 5%. Marathon Digital and Riot Platforms fell 6% and 4%, respectively.

“Most of the selling has been attributed to Mt. Gox refunds, although other factors are also at play,” Joel Kruger, market strategist at LMAX Group, told CNBC. “The story around the German government selling bitcoin added to the downward pressure that has only intensified with leveraged long-term liquidations and a major technical break in bitcoin price below the May low of $56,500.”

“None of this has been shocking or unexpected and nothing has fundamentally altered the very constructive outlook for bitcoin and crypto assets, suggesting that further downside should be limited in favor of a strong recovery as medium to long-term players look to profit and gain exposure to the downside,” he added.

—Tanaya Macheel

With just one day left in the holiday-shortened trading week, all three major indexes are on track for gains.

The Nasdaq Composite and S&P 500 gained more than 2.5% and 1%, respectively, this week. Both closed at new highs and hit new intraday records on Wednesday.

The Dow Jones gained 0.5% this week.

The New York Stock Exchange closed early Wednesday and remained in the dark Thursday for Independence Day.

—Alex Harring

Traders are awaiting Friday morning’s all-important jobs report.

Economists surveyed by Dow Jones expect the following for June:

• Nonfarm payrolls increase by 200,000.
• The unemployment rate will remain stable at 4%.
• Average hourly wage increased by 0.3% compared to the previous month.
• Average hourly wages will be 3.9% higher than the same month a year ago.

Learn more about what to expect here.

— Alex Harring, Jeff Cox

Futures contracts tied to the S&P 500 were little changed shortly after 6 p.m. ET. Dow Jones futures gained 0.1%, while Nasdaq 100 futures slipped 0.2%.

—Alex Harring