Stocks Slide as Jobs Report and Earnings Season Weigh on Market

Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were slightly lower as the June jobs report loomed. The stock market rally retreated on Thursday due to strong economic data that sent Treasury yields soaring, although indexes pared some of their losses. Meta Platforms' Threads app gained significant traction, with over 30 million sign-ups in less than a day, posing a threat to Twitter. Microsoft rallied after a price target hike. Visa, Mastercard, DexCom, Nvidia, and HubSpot were identified as stocks holding up well. The FDA approved Biogen's Alzheimer's treatment, boosting Biogen's chances of Medicare reimbursement. The jobs report is expected to impact Treasury yields and Dow futures.