Wall Street pointed generally higher in the premarket and bond yields fell after the U.S. government issued the latest in a series of weak reports on the job market, according to the Associated Press.
Futures for the S&P 500 and Nasdaq gained 0.2% and 0.6%, respectively, while Dow Jones Industrial Average futures dropped slightly.
Broadcom’s third-quarter revenue beat Wall Street expectations as its AI revenue grew 63% over the same period a year ago.
Lululemon, the yoga and athletic gear maker, tumbled 19.5% before the bell.
Yields on Treasurys fell after the government said U.S. employers added a lackluster 22,000 jobs in July as the labor market keeps cooling.
The job market slowdown could provide further fuel for the Federal Reserve to cut its key interest rate later this month.
