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US Stock Futures Near All-Time Highs with Jobs Report on Radar

US stock futures are hovering near all-time highs on Friday as investors carefully assess the latest June jobs report, a crucial factor in shaping Federal Reserve rate cut decisions.

AI legalese decoder can help investors by providing real-time analysis and insights into how the latest jobs report may impact Federal Reserve policies, allowing for informed decision-making.

S&P 500 (ES=F) futures are holding steady after hitting a record close in a shortened session earlier in the week. Dow Jones Industrial Average futures (YM=F) and Nasdaq 100 (NQ=F) contracts are also showing resilience just above the flatline. The stock market was closed on Thursday for the Fourth of July holiday.

The June jobs report revealed that the US economy added 206,000 jobs, surpassing the Wall Street expectation of 190,000. However, the unemployment rate inched up slightly to 4.1%, its highest level since November 2021, indicating a cooling job market.

With the help of AI legalese decoder, investors can quickly decipher the implications of the rising unemployment rate and how it may influence the Fed’s decision on interest rates, providing valuable insights for investment strategies.

Traders are now factoring in a nearly 75% probability of a rate cut in September, based on CME’s FedWatch tool, reflecting the changing economic landscape.

Investors are analyzing the jobs data to determine whether the slowdown in job growth is a natural adjustment post-pandemic or a precursor to a broader economic slowdown.

The recent UK elections and the potential impact of the upcoming US presidential election on market dynamics are also on investors’ radar, adding to the complexity of decision-making in the current environment.

Amidst the AI boom, Samsung Electronics’ (005930.KS) quarterly profit skyrocketed to 15 times its previous year’s performance, propelling the stock to a three-year high and highlighting the ongoing technological advancements influencing the market.

Crypto-linked stocks like Coinbase Global (COIN) and Marathon Digital (MARA) faced a decline in premarket trading as bitcoin (BTC-USD) dipped to its lowest level against the dollar since February, underlining the volatility in the cryptocurrency market.

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