U.S. stock futures rose on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June. Dow Jones Industrial Average futures added 152 points, or 0.3%. S&P 500 futures also traded up 0.3%, while Nasdaq-100 futures gained 0.5%. The June jobs report showed an increase of 57,000 last month, below the 115,000 jobs that economists polled by Dow Jones expected. The unemployment rate, however, dropped to 4.2%. Economists had forecast the rate to stay at 4.3%. The data comes after the major U.S. averages ended Wednesday’s session lower, as investors pared positions in chipmakers. The group offered a boost to equity futures Thursday, with Advanced Micro Devices and Intel up more than 2%. Micron Technology gained more than 3%. While the decline in the chip sector weighed on the broader market in the prior trading day, Ned Davis Research strategist Rob Anderson thinks the rotation out of semiconductors is healthy. “One of the characteristics of the bull market has been rotation. The attribute has been on full display in 2026,” he wrote. “A passing of the baton to a non-commodity cyclical sector would be further evidence that the stock market is entering the second half of the year in a position of strength and that the bull market can continue deep into the second half of the year.” U.S. Treasury yields were mixed on Thursday as investors digested lighter jobs data that suggested the Fed could hold off on hiking rates. The 2-year Treasury yield fell more than 5 basis points to 4.108% following the release of the June jobs report. The yield on the benchmark 10-year Treasury note shed about 1 basis point to trade at around 4.467%, while the 30-year Treasury yield was up more than 1 basis point to trade at 4.981%. In Asian markets, South Korea’s Kospi led losses, falling 7.89% to end the session at 7,648.09, its lowest close since June 8. The small-cap Kosdaq dropped 6.74% to 866.72. Index heavyweight Samsung fell 9.06% to 286,000, while SK Hynix plunged 14.57% to 2,187,000. Japan’s Nikkei 225 declined 2.47% to 68,733.15, while the Topix inched up 0.09% to 4,014.98. Australia’s benchmark S&P/ASX 200 was flat at 8,724.50. Oil prices fell on Thursday as investors weighed signs of progress in indirect negotiations between the U.S. and Iran, easing concerns about potential disruptions to crude supplies in the Middle East. International benchmark Brent crude futures with September delivery dipped 1.6% to $70.43 per barrel. The contract is on pace for its third straight negative session as well as its fourth consecutive weekly loss for the first time in nearly two years. U.S. West Texas Intermediate futures with August delivery were last seen trading 1.8% lower at $67.34, on track for their fourth straight negative week for the first time since early March last year. The moves come shortly after U.S. President Donald Trump told reporters that negotiations with Iran in Qatar were “going well.” Gold climbed on Thursday, bolstered by soft jobs data, weaker oil, and comments from the Federal Reserve chair that suggested inflation risks have eased, ahead of U.S. nonfarm payrolls data. Spot gold was up 1.6% at $4,094.45 an ounce after touching its highest level since June 23 in the previous session. The metal snapped a two-day losing streak to close higher at $4,029.89 on Wednesday after U.S. private payrolls data for June. “The precious metal is rebounding today after Fed Chair (Kevin) Warsh struck a less hawkish tone at the ECB forum,” said Nikos Tzabouras, senior market analyst at Tradu.com.
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