Wall Street futures little changed ahead of jobs report

US stock futures were largely unchanged on Thursday as investors weighed high oil prices, a pullback in Treasury yields, renewed US-Iran strikes and mixed technology earnings ahead of Friday’s US jobs report. Dow futures rose about 0.1%, while S&P 500 and Nasdaq 100 contracts each added roughly 0.1% to 0.2% after Wall Street ended a three-session losing streak on Wednesday. Brent crude traded near $95 a barrel and WTI remained above $90.

Kathleen Brooks, research director at XTB, said sentiment would likely require energy prices to move back toward early-summer levels and for tensions in the Middle East to cool before a more sustained improvement.

The 10-year US Treasury yield eased to about 4.77% as recent global bond selling lost momentum. Lower yields reduce upward pressure on borrowing costs for companies and ease some strain on high-valuation technology stocks. Markets remain attentive to the possibility of another Federal Reserve rate increase later this month.

Broadcom shares fell more than 5% in premarket trading despite reporting revenue of $29.6 billion, up 86% year over year, and adjusted earnings of $3.32 a share. The company guided fourth-quarter revenue to about $34.8 billion. Analysts praised Broadcom’s position in technology infrastructure while noting uncertainty about its future share of the tensor-processing-unit market.

Snowflake rose roughly 24% in premarket trading after second-quarter revenue increased 35% to $1.55 billion and product revenue climbed 37% to $1.49 billion. The company raised its fiscal 2027 product revenue forecast to $6.07 billion; the stock reaction reflected investor demand for strong enterprise AI revenue growth.

Attention now turns to the August employment report, due Friday at 8:30 a.m. ET. ADP private payrolls showed 38,000 jobs added in August, the weakest pace since January. Economists surveyed expect the official payrolls figure to show about 53,000 jobs added and unemployment steady at 4.1%. Market participants view the report as likely to influence Treasury yields and expectations for Federal Reserve policy.

Oil prices remain a focus for investors because sustained high prices can keep inflation elevated and factor into assessments of monetary policy. Any further escalation in the Middle East or surprises in the jobs report are likely to be watched closely by traders.