5 Things to Know Before the Stock Market Opens

U.S. stock futures are little changed ahead of today’s shortened trading session and tomorrow’s Independence Day holiday; the U.S. jobs report is expected to show hiring slowed in June; the House prepares for a final vote on President Donald Trump’s “One Big Beautiful Bill”; shares of Synopsys (SNPS) and Cadence Software (CDNS) are surging in premarket trading as the U.S. drops restrictions on chip-design software exports to China; and shares of Datadog (DDOG) are jumping on news of the firm’s forthcoming addition to the S&P 500. Here’s what investors need to know today.

1. US Stock Futures Little Changed Ahead of Shortened Session

U.S. stock futures are little changed ahead of today’s release of the June employment report. Stock markets will close at 1 p.m. ET and bond markets will end at 2 p.m. ET before tomorrow’s closures for the Independence Day holiday. S&P 500 and Nasdaq futures are essentially flat after both indexes closed at new record highs yesterday. Dow Jones Industrial Average futures also are little changed. Bitcoin (BTCUSD) is little changed at just below $110,000. The 10-year Treasury yield and oil futures are lower. Gold futures are near flat.

2. US Jobs Report Expected to Show Hiring Slowed in June

U.S. employers are expected to have added 110,000 jobs in June, a slowdown in job creation from 139,000 in May, when that data is released at 8:30 a.m. ET today. Economists surveyed by The Wall Street Journal and Dow Jones Newswires also forecast the unemployment rate will have ticked higher to 4.3%. The data follows Wednesday’s release of the private-sector payroll report that showed employers cut 33,000 jobs in June while economists expected payrolls to increase by 100,000 jobs.

3. House Set for Final Vote on ‘One Big Beautiful Bill’

The U.S. House of Representatives narrowly advanced President Donald Trump’s tax-and-spending bill early Thursday, clearing a key hurdle that allows the chamber to start a final vote on his signature legislation before his self-imposed July 4 deadline. Several Republican holdouts finally relented and advanced Trump’s “One Big Beautiful Bill”—which includes an extension of his 2017 tax cuts and reduces funding for Medicaid—in a 219-213 vote. On Tuesday, the Senate voted 50-50 on the bill, with Vice President JD Vance casting the tiebreaking vote in favor to send it to the House.

4. US Lifts Restrictions on Chip-Design Software to China

The U.S. has removed some export restrictions on chip-design software to China, according to chip-design software maker Synopsys (SNPS). The company said that it received government notice on Wednesday that the restrictions set in late May have now been rescinded. “Synopsys is working to restore access to the recently restricted products in China,” it said. Shares of Synopsys are rising 5% in premarket trading, while those of Cadence Software (CDNS), which reportedly also is working to restore access to affected customers, are up about 6%.

5. Datadog Stock Surges on News of S&P 500 Inclusion

Shares of Datadog (DDOG) are surging 9% in premarket trading after S&P Global announced that the software firm would join the S&P 500 on July 9. A spot in the index opened following Hewlett Packard Enterprise’s (HPE) completed acquisition of fellow index component Juniper Networks (JNPR). Shares of Robinhood Markets (HOOD) are nearly 2% lower after they surged by more than 6% yesterday on speculation the trading platform would replace Juniper Networks in the index.