Jobs report, Cinemark earnings, Dominion Energy: 3 things to watch
Investing.com -- Stocks were falling on Thursday as investors prepared for Friday's jobs report for July.
Surging bond yields were weighing on stocks, with the 10-year Treasury yield rising to around 4.19%, its highest since about November.
It's also a bit of a breather after a rally in stocks during July. Nasdaq has been pulled up 33% so far this year as tech stocks rallied on the promise of artificial intelligence to the industry and on hopes the Federal Reserve would reach the end of its interest rate increases sooner rather than later.
Friday's jobs report could help the Fed decide on rates at its next meeting in September. Futures traders have been split on the probability of another quarter of a percentage point increase in September or November, though the Fed could have had its last rate increase in July.
Corporate earnings are also fueling the markets, with another batch of reports due out next week.
Here are three things that could affect markets tomorrow:
1. Jobs report
Analysts expect Friday's job report at 8:30 ET (12:30 GMT) will show the economy added 200,000 jobs last month, which would be down slightly from the prior month. The unemployment rate is expected to remain unchanged at a historically low 3.6%.
2. Cinemark earnings
The movie theater chain Cinemark Holdings Inc (NYSE:CNK) is expected to report earnings per share of 51 cents on revenue of $862.8 million.
3. Dominion Energy
Dominion Energy Inc (NYSE:D) is expected to report earnings per share of 48 cents on revenue of $3.7 billion.
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Jobs report, Cinemark earnings, Dominion Energy: 3 things to watch
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