• Futures Edge Higher on Rate Cut Expectations
Stock futures are rising modestly as traders boost bets on a September Fed rate cut, following weaker-than-expected job data. S&P 500 and Nasdaq 100 futures gained around 0.6 to 0.7 percent.

• Labor Market Weakness Fuels Fed Speculation
July’s nonfarm payrolls came in at 73,000, far below expectations. Unemployment rose to 4.2 percent, and wage growth slowed to 3.9 percent annually. ISM Manufacturing Index slipped to 48, showing contraction for the third month.

• Big Movers From Friday
Amazon fell 8 percent after issuing soft Q3 guidance. Other tech names like Micron and Marvell were down 3 to 7 percent. Eastman Chemical plummeted 19 percent on earnings disappointment.

• Earnings Ahead
This week brings results from major names including AMD, Disney, Uber, Shopify, McDonald’s, and Pfizer. Analysts expect S&P 500 earnings to grow 4.5 percent year-over-year in Q2.

• Global Market Snapshot
Eurozone Sentix Index disappointed at -3.7. Japan’s Nikkei fell 1.25 percent, mainly due to financial stocks. China’s markets rebounded, led by semiconductor gains.

• Bond Market and Economic Data
The US 10-year Treasury yield is slightly higher at 4.24 percent. Today’s key release: Factory orders, expected to drop nearly 5 percent. Investors also eye comments from Fed officials and possible signals from the White House on Fed leadership.

• What’s Next?
Markets are clearly banking on lower interest rates, but last week’s jobs data signals deeper concerns about economic strength. With earnings season in full swing, any surprises from Big Tech or macro indicators could cause sharp swings. For now, rate cut optimism is leading, but it’s a fragile narrative.