5 Things to Know Before the Stock Market Opens on Thursday

• June jobs report due at 8:30 a.m. ET, with economists forecasting 115,000 new jobs (down from 172,000 in May) and unemployment steady at 4.3%, signaling a relatively healthy labor market that Fed Chair Kevin Warsh will closely monitor
• Tesla Q2 delivery figures expected today with analyst consensus around 403,000 vehicles, though investor focus has shifted toward the company's automation, robotics businesses, and potential SpaceX combination following its mid-June public offering
• Strategy (formerly MicroStrategy) stock rose 6% premarket, extending its 13% weekly gain after announcing plans to continue bitcoin sales and buy back common and preferred stock, with bitcoin trading above $61,000

Market Summary: Thursday Pre-Open Brief

Market Overview:

U.S. equity futures showed mixed performance Thursday morning, with Dow futures up 0.1%, S&P 500 futures down 0.1%, and Nasdaq 100 futures declining 0.5%. The major indexes closed lower Wednesday despite the Dow reaching an intraday record. Brent crude traded just above $70 per barrel, while gold hovered below $4,100 per ounce.

Key Economic Data:

June employment data is scheduled for release at 8:30 a.m. ET. Economists expect 115,000 jobs added (down from May's 172,000), with unemployment steady at 4.3%. Analysts suggest these figures would indicate a relatively healthy labor market. Federal Reserve Chair Kevin Warsh indicated inflation risks are diminishing, making this jobs report crucial for monetary policy decisions.

Company-Specific News:

*Tesla (TSLA):* Q2 delivery figures expected today, with analyst consensus around 403,000 vehicles. Investor focus has shifted toward Tesla's automation, robotics businesses, and potential SpaceX combination following SpaceX's mid-June IPO.

*Strategy (MSTR):* Shares surged 6% premarket, extending the week's 13% rally. The former MicroStrategy announced plans to continue bitcoin sales and buy back common and preferred stock, easing financial health concerns. Bitcoin traded above $61,000, up over the past 24 hours.

Market Schedule:

Thursday marks the week's final trading session. U.S. stock and bond markets will be closed Friday, July 3, for Independence Day observation. Bond trading closes early today at 2 p.m. ET. The next summer market holiday is Labor Day in August.