Markets Are Higher Ahead Of The Jobs Report
Dow futures are up 15 points, S&P 500 futures are up 2 points, and Nasdaq futures are up 4 points.
The yield on the 10-year U.S. Treasury bond is at 2.63%, with the two-year at 0.48%.
Economists are expecting non-farm payrolls to grow by 215,000 in June, with the unemployment rate expected to remain unchanged at 6.3%.
Aside from the jobs report, the U.S. economic calendar is busy, with weekly initial jobless claims expected at 8:30 am EST. Expectations are for 313,000.
The U.S. trade balance report for May is also expected for 8:30 am EST, with that report expected to show a trade deficit of $45 billion.
Also in economic news, the European Central Bank announced its latest monetary policy decision and kept rates unchanged. The ECB kept the refinancing rate unchanged at 0.15%, the deposit facility rate at -0.1%, and the marginal lending facility rate at 0.4%.
ECB president Mario Draghi will hold a press conference following the decision, which is set to begin at 8:30 am EST.
And ahead of tomorrow's Independence Day holiday the stock market will close early in New York; the closing bell is set for 1:00 pm EST.