"US Job Market Gains Momentum: June Non-Farm Payrolls Preview"

Stock futures drifted lower as investors awaited the release of the monthly US jobs report, which will provide insight into the Federal Reserve's next move on interest rates. The stronger-than-expected ADP jobs report raised doubts about economists' expectations for moderation in the nonfarm payrolls figures. US stock futures were trading slightly lower, with the S&P 500 and Dow Jones futures down less than 0.1%, while Nasdaq 100 futures fell just over 0.2%. Investors are closely watching the June nonfarm payrolls data to assess the success of the Fed's efforts to combat inflation.