Stock Market Today: S&P 500 Futures Gain, Non Farm Payrolls Report—Broadcom, DocuSign, Lululemon In Focus

U.S. stock futures were fluctuating on Friday following Thursday’s positive moves. Futures of major benchmark indices were mixed.

Transcript

00:00All right. Futures are green ahead of Friday's open here on September 5th. S&P futures up 0.15%.

00:14Dow futures down 0.18%. That's actually extending a little bit of a loss here in the pre-market

00:20and the NASDAQ up by a half a percent. We are slated to open at all time highs.

00:25But before that happens, we have the non-farm payrolls and unemployment rate data print

00:31that will likely set the direction for the rest of the day here.

00:37Now, let's take a look at some cues from last session. Most sectors in the S&P 500 closed

00:42positively with industrials, communication services, and consumer discretionary stocks

00:47posting the biggest gains on Thursday. However, utility stocks bucked the market trend,

00:52ending the session lower. This broad rally was driven by signs of a cooling labor market in

00:57August, cementing expectations that the Federal Reserve will cut interest rates at its September

01:0217th meeting. Meanwhile, Science Applications International Corporations, ticker SAIC,

01:09stock dropped 6% after its second quarter 2026 earnings report. Economic reports bolstered the

01:16case for a rate cut. The ADP National Employment Report revealed only 54,000 jobs were added in

01:22August, a steep fall from the 106 in July, 106,000, excuse me, in July, and below the 65,000 median

01:30forecast. U.S. initial jobless claims for the last week of August also rose by 8,000 to 237,000,

01:39surpassing expectations of 230,000. In other news, the ISM services PMI increased to 52% in August from

01:4850.1 in July, and the U.S. trade deficit grew to 78.3 billion in July from a revised 59.1 billion.

01:58Now, investors and economists are bracing for another weak print in Friday's non-farm payroll report.

02:06That's due out here in about 22 minutes, with the consensus looking for 75,000 new jobs in August.

02:15The other big piece of news here comes from Tesla. Tesla is asking investors to approve yet another

02:22outsized pay plan for CEO Elon Musk. That's according to the financial filings that were out

02:27Friday. The proposed compensation plan for Musk, already the world's wealthiest individual,

02:32consists of 12 trunches of shares to be granted if Tesla hits certain milestones over the next

02:38decade. It would also give Musk increasing voting power over the EV maker and aspiring robotics titan,

02:45which he has publicly demanded since early 2024. The 10-year Treasury bond yielded 4.16%,

02:55and the two-year bond yielded 3.59%.