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Traders were divided ahead of monthly nonfarm payrolls data and the Federal Reserve Chair's comments.
The US labor force is bigger than ever. Here are the 5 industries that posted the fastest job growth in July.
All five of the industries with the most job growth in July feature lower wages than the national average.
"The economy does not need the Fed to ease, but the market continues to scream for action on July 31," wrote the economist Ian Shepherdson.
Government data out on Friday was expected to show that hiring rebounded in June and that wage growth accelerated at a solid pace.
Investors are bracing for the release of non-farm payroll data that could determine whether the Federal Reserve cuts interest rates this month.
Asian and European equities and US futures rose after the US nixed plans to slap tariffs on Mexico and weak jobs data fueled hopes of rate cuts.
The official employment report out Friday showed hiring rebounded last month and that wage growth eased.
Stocks are getting a lift from China stimulus pledge and Powell comments — ‘We don’t feel any hurry’ on rates
Chinese and European stocks are edging higher, while US futures are gaining. Boeing's crash woes are set to drag the Dow lower.
Chinese exports dropped a shocking 21%, and traders are nervous about European growth and US jobs.
The February jobs report is late, on March 8, the second Friday of the month, because of how the government schedules the survey behind the numbers.