Here are the most important news items that investors need to start their trading day:
1. Stock futures fall after jobs report
People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City.
Angela Weiss | AFP | Getty Images
Stock futures fell Friday morning after a much stronger-than-expected July nonfarm payrolls report, signaling to investors the Federal Reserve is likely to stay in rate-hiking mode. The move in futures was relatively muted prior to the release of the labor market data. On Thursday, Wall Street posted a mixed session. The Dow Jones Industrial Average fell 0.26%, its third negative day in four, while the S&P 500 lost merely 0.08% and remains positive week to date. The tech-heavy Nasdaq Composite, meanwhile, rose 0.41% to close at its highest level since May 4.
2. U.S. added 528,000 jobs in July
A man walks past a “We Are Hiring” sign…