U.S. stock futures are largely stable as we approach a shortened trading day ahead of tomorrow’s Independence Day holiday. Investors are keenly awaiting today’s jobs report, which is expected to reveal a slowdown in hiring for June. Additionally, the House of Representatives is gearing up for a critical vote on President Donald Trump’s comprehensive economic bill. In the tech sector, premarket trading shows a rise in shares for Synopsys and Cadence Software following the lifting of U.S. export restrictions on chip-design software to China, while Datadog’s shares are climbing on news of its inclusion in the S&P 500. Here are five critical updates for investors:
1. Stock Futures Stable Before Shortened Session
U.S. stock futures have shown minimal movement in anticipation of today’s June employment report release. Markets will close early at 1 p.m. ET for stocks and 2 p.m. ET for bonds in observance of the holiday. Following yesterday’s record highs, both S&P 500 and Nasdaq futures are steady, while Dow Jones Industrial Average futures show little change. Bitcoin hovers just below $110,000, with declines in both the 10-year Treasury yield and oil futures, while gold prices remain largely unchanged.
2. Jobs Report Anticipates Hiring Slowdown in June
The upcoming employment report is expected to indicate that U.S. employers added approximately 110,000 positions in June, a decrease from the 139,000 jobs created in May. The report is set to be released at 8:30 a.m. ET. Economists from The Wall Street Journal and Dow Jones Newswires also predict an increase in the unemployment rate to 4.3%. This follows a private-sector payroll report from Wednesday that revealed a loss of 33,000 jobs, contrary to expectations of a gain of 100,000.
3. House Prepares for Final Vote on ‘One Big Beautiful Bill’
The U.S. House of Representatives has advanced President Trump’s tax-and-spending bill, setting the stage for a final vote. The narrow 219-213 vote clears a significant hurdle ahead of Trump’s self-imposed July 4 deadline. Several Republican lawmakers shifted their stance, allowing the bill—which extends Trump’s 2017 tax cuts and reduces Medicaid funding—to proceed. The Senate had previously voted 50-50 on the bill, with Vice President JD Vance casting the tiebreaking vote.
4. U.S. Eases Export Restrictions on Chip-Design Software to China
The United States has lifted some export restrictions on chip-design software to China, as confirmed by Synopsys. The company announced that it received notification from the government on Wednesday regarding the rescinding of restrictions imposed in late May. Synopsys stated, “We are working to restore access to the recently restricted products in China.” As a result, shares of Synopsys saw a 5% increase in premarket trading, while Cadence Software’s shares rose approximately 6% due to similar efforts to regain access to affected clients.
5. Datadog’s Stock Rises Following S&P 500 Inclusion Announcement
Shares of Datadog are up by 9% in premarket trading following S&P Global’s announcement that the software company will be added to the S&P 500 index on July 9. This change occurred after Hewlett Packard Enterprise completed its acquisition of Juniper Networks, which led to an available position in the index. Conversely, shares of Robinhood Markets have dipped almost 2% after an increase of over 6% the previous day amid speculation that the trading platform would take Juniper Networks’ place in the index.
