U.S. stock futures rose on Thursday, with the S&P 500 poised for another record, after a better-than-expected jobs report fueled optimism the U.S. economy was hanging tough despite fast-changing trade policy and geopolitics. S&P 500 futures were higher by 0.3%, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average also advanced 104 points, or 0.2%. Nonfarm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That’s above the Dow Jones forecast from economists for 110,000. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%. Market gains were contained as the strong jobs report also spurred a big spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon. Fed funds futures traders are currently pricing in a roughly 95% chance that the central bank will hold rates steady at its meeting later this month, per CME Group’s FedWatch tool. Thursday’s report comes a day after ADP released data showing that private payrolls decreased by 33,000 last month, raising fears that perhaps the economy was starting to stumble under the weight of rapid policy changes out of Washington. Thursday’s official government data knocked down that notion. Investors are also following along the progress on Trump’s tax megabill, which finally passed the Senate Tuesday and has since returned to the House. The bill is now headed for a final vote after the Republican-controlled House advanced the legislation Thursday. Thursday will be a shortened trading session, with the New York Stock Exchange and the Nasdaq closing at 1 p.m. ET. U.S. markets are closed on Friday for Independence Day. All three major U.S. averages are on pace to close out the week in positive territory. The S&P 500 and Nasdaq Composite are 0.6% and 0.9% higher week to date, respectively, while the Dow Jones Industrial Average is at a 1.5% gain for the period. The 10-year U.S. Treasury yield advanced on Thursday after June’s nonfarm payroll report came in hotter than anticipated. The benchmark 10-year yield rose more than 5 basis points to 4.344%. The 30-year bond yield added more than 2 basis points, sitting at 4.845%. The 2-year Treasury yield advanced about 10 basis points to 3.888%. Vietnamese stocks climbed to its highest in over three years as investors await details on the U.S.-Vietnam trade agreement that President Donald Trump announced Wednesday. The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose “ZERO Tariff,” Trump said on Truth Social. This comes as the deadline for Trump’s 90-day tariff reprieve draws closer. The benchmark Vietnam Index rose 0.3% to its highest since April 2022, data from LSEG showed. Japan’s benchmark Nikkei 225 ended the day flat at 39,785.9 and the Topix added 0.1% to close at 2,828.99. South Korea’s Kospi added 1.34% to 3,116.27 and the small-cap Kosdaq rose 1.43% to 793.33. Australia’s S&P/ASX 200 traded flat to close at 8,595.8. Hong Kong’s Hang Seng index slipped 0.78%, while mainland China’s CSI 300 added 0.62% to end at 3,968.07. Oil prices slipped on Thursday as the possibility of U.S. tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers. Brent crude futures fell 58 cents, or 0.8%, to $68.53 a barrel by 0942 GMT. U.S. West Texas Intermediate crude declined 57 cents, or 0.9%, to $66.88. Both contracts had hit one-week highs on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog, raising concerns the lingering dispute over its nuclear programme could again devolve into armed conflict. A preliminary trade deal between the U.S. and Vietnam also boosted prices. Gold prices were stuck in range-bound trade on Thursday as investors awaited U.S. non-farm payrolls data that could influence the Federal Reserve’s timeline for interest rate cuts. Spot gold was down 0.3% at $3,345.79 an ounce. U.S. gold futures eased by 0.1% to $3,356.10. “Gold is looking for new triggers,” said WisdomTree commodities strategist Nitesh Shah.