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On Friday morning, as Wall Street analyzed the latest earnings from key technology companies and anticipated an important employment report, NASDAQ-100 futures<\/a> nudged higher. Futures attached to this tech-centered index saw a 0.6% rise, while the S&P 500 futures<\/a> and those tied to the Dow Jones Industrial Average<\/a> increased by 0.4% and 0.2% respectively.<\/p>\n A torrent of post-market earnings reports on Thursday brought dramatic movements in individual stocks. Amazon shares<\/a> leapt 8.6% after smashing profit expectations and issuing a bright outlook. Conversely, Apple<\/a> shares slipped around 1.7% as its revenue fell short of the previous year\u2019s same-quarter performance. Beyond the tech behemoths, Airbnb<\/a>\u2018s shares took a hit as the company revealed a slower-than-anticipated growth in bookings. Conversely, DraftKings<\/a> and Dropbox<\/a> saw boosts of around 14% and 4% respectively, following stronger than expected reports. To date, about 79% of S&P 500 companies have released their earnings, with around 80% beating Wall Street\u2019s expectations, according to FactSet.<\/p>\n<\/div>\n<\/div>\n As we look forward to Friday morning\u2019s jobs data, investors are keen to understand the labor market\u2019s strength and the overall economic health. Slower growth in hourly earnings is seen as a positive sign that previous interest rate hikes by the Federal Reserve have had their intended effects on the economy. Economists surveyed by Dow Jones anticipate nonfarm payrolls<\/a> to increase by 200,000 in July, with the unemployment rate<\/a> remaining steady at 3.6%, and an expected rise in average hourly wages<\/a> by 0.3% from June and 4.2% on an annualized basis.<\/p>\n On Thursday, US stocks ended slightly lower after a volatile trading session. Investors balanced the rise in Treasury yields against the latest economic data and earnings. The benchmark U.S. 10-year Treasury yield hit a high of 4.198%, its highest level since last November, continuing its ascent after Fitch\u2019s downgrade of the U.S. top-tier credit rating. A rise in bond yields often dents the attractiveness of stocks.<\/p>\n In the short-term, the three major indexes are predicted to close the week lower. The NASDAQ Composite and S&P 500 could post their worst weekly performances since March, being down about 2.5% and 1.8% respectively. The Dow has retreated 0.7% on a week-to-date basis, suggesting a bearish outlook for the near term.<\/p>\n<\/div>\n<\/div>\nEarnings Reports Stir Dramatic Stock Movements<\/h2>\n
Investors Eye Jobs Data, Economy Strength<\/h2>\n
US Stocks Dip Amid Yield Rise<\/h2>\n
Short-Term Forecast:\u00a0 Mixed to Lower<\/h2>\n