US stock futures ticked up on Thursday as investors digested a stronger-than-expected June jobs report that could put to the test expectations for the pace of interest-rate cuts. The June jobs report showed an increase of 147,

The S&P 500 rose over 0.37%, whereas the tech-heavy Nasdaq Composite and Dow Jones were up 0.61% and 0.20%, respectively.

Zaccarelli notes that one of the reasons the Federal Reserve has been able to take a wait-and-see approach with interest rates is that the job market has held up so well. But "if that were to change,