U.S. stock futures rose Thursday as markets looked to bounce back from two days of losses.
Futures tied to the Dow Jones Industrial Average gained about 110 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures added 0.4% and 0.5%, respectively.
Investors eyed employment data showing the slowest job creation pace of the pandemic-era recovery. Private sector employment rose by just 128,000 in May, ADP reported Thursday, falling well short of the 299,000 Dow Jones estimate.
Rates fell as traders took the ADP report to mean the economy is already slowing, suggesting the Federal Reserve could be less aggressive in tightening monetary policy. The benchmark 10-year Treasury yield pulled back below the 2.9% level.
Some technology stocks gained as rates fell. Nvidia and Amazon both rose about 1% in the premarket....
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