S&P 500 futures are little changed as traders await big jobs report: Live updates

S&P 500 futures were small changed connected Thursday nighttime arsenic traders digested the latest Big Tech net and awaited July's jobs report.

Futures tied to the wide marketplace scale were down 0.1%, portion Nasdaq 100 futures slipped 0.2%. Futures tied to the Dow Jones Industrial Average mislaid 25 points, oregon 0.05%.

In extended trading, shares of Amazon tumbled much than 7% aft the e-commerce elephantine provided light operating income guidance for the existent quarter. Apple shares jumped 2% connected the backmost of an earnings and gross beat.

Stocks are coming disconnected of a lackluster trading session, which saw the S&P 500 notch its 3rd consecutive losing time arsenic coagulated net from Microsoft and Meta Platforms failed to assistance the broader market. The S&P 500 ended Thursday down 0.4%, portion the Nasdaq Composite closed marginally lower. Both the S&P 500 and Nasdaq had deed intraday records earlier successful the league until the tech-fueled rally fizzled. The 30-stock Dow mislaid astir 330 points, oregon 0.7%.

"The S&P 500 forecast remains bullish for now, but the way guardant looks uncertain. On 1 hand, Big Tech is delivering successful spades, feeding into the [artificial intelligence] golden unreserved and lifting equity markets to grounds highs," said Fawad Razaqzada, expert astatine City Index. "On the other, geopolitical tensions, valuation concerns and monetary argumentation uncertainty are threatening to propulsion the rug from nether this rally."

A mates of large marketplace catalysts loom connected Friday. July's jobs study volition beryllium owed astatine 8:30 a.m. ET, and the speechmaking is expected to amusement a slowing labour market. Dow Jones estimates telephone for a 100,000 summation to payrolls implicit the period and for the unemployment complaint to creep higher to 4.2%.

Further, President Donald Trump's "reciprocal" tariff deadline volition instrumentality effect connected Friday. He has been insistent that helium will not widen the deadline for the levies, which volition use to dozens of countries. Trump besides said this week that the U.S. volition impose a 25% tariff connected goods from India, starting connected Friday.

In what's been an eventful period for stocks, the large averages managed to adjacent retired July with gains. The S&P 500 ended the period up 2.2%, portion the Nasdaq logged a 3.7% advance. The 30-stock Dow eked retired a slim summation of little than 0.1%.

Week to date, the wide marketplace scale is connected gait for a 0.8% loss, portion the Dow is disconnected 1.7%. The Nasdaq is tracking for an beforehand of little than 0.1%.