Wall Street hovers near record highs ahead of new jobs numbers

Wall Street was largely unchanged early yesterday, hovering near record levels ahead of new U.S. jobs data that is expected to show unemployment ticked up to the highest rates since late 2021.
Futures for S&P 500, Nasdaq and Dow Jones Industrial Average each inched up less than 0.1% before the bell. Markets are closed Friday for the July 4 holiday.
Treasury yields edged lower ahead of the highly anticipated June jobs report from the Labor Department. Economists believe that hiring slowed again last month as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown squeezes the American job market.
Economists project that U.S. employers added 117,500 jobs last month and that the unemployment rate ticked up to 4.3%, which would be the highest since October 2021. However, it’s still low enough to suggest that most American workers continue to enjoy job security.
Also coming today [Macau time] is a separate report from Labor that will show how many people applied for jobless benefits last week. The report is considered a proxy for layoffs.
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