Stock market live news updates: Futures flat ahead of July jobs report

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Stock futures were little-changed on Friday morning ahead of the government’s latest jobs report.

Nearly 7:30 a.m. ET, Nasdaq futures were down 0.1%, the largest move among any of the major averages, with Dow futures up less 0.1% and S&P 500 futures down less than 0.1%.

At 8:30 a.m. ET, the Bureau of Labor Statistics will release its latest monthly jobs report, with economists expecting the report will show 250,000 jobs were added to the U.S. economy last month. The unemployment rate is expected to hold steady at 3.6%.

Investors will also keep an eye on energy markets, with WTI crude oil prices — the U.S. benchmark — falling below $89 a barrel on Thursday to their lowest levels since early February.

The price of gas in the U.S. has now declined for 50 straight days. On Friday morning, crude oil futures were down slightly, falling below $88 at one point during the morning.

The U.S. 10-year note yield was sitting near 2.67% early Friday, up about 14 basis points from recent lows, though the move higher in Treasury yields this week has done little to shake the confidence of equity investors as stocks continue their rally from a mid-June trough.

The yield curve does continue to move into a deeper inversion, however, with the spread between 2-year and 10-year yields reaching as wide as 38 basis points, or 0.38%, on Thursday, the largest since 2000.

Earnings season also continues to roll along even as the market’s largest companies mostly reported results over the last week.

Shares of Block (SQ), Virgin Galactic (SPCE), and Beyond Meat (BYND) were all trading lower in pre-market trade on Friday following results out last night.

On the flip side, shares of Lyft (LYFT) were up more than 8% after the company’s results topped expectations.

This post will be updated.

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