Business News

Futures hold higher amid jobs report

U.S. stock futures ticked higher on Thursday, as investors digested the latest nonfarm payrolls report amid continued concern about Greece.

The Dow futures pared gains to trade about 20 points higher, about the same level as before the report. Futures initially added more than 40 points on the data.

U.S. nonfarm payrolls showed creation of 223,000 jobs and an unemployment rate of 5.3 percent. Hourly wages for June were unchanged. May's figures were revised lower, down to 254,000 jobs and wage growth of just 0.2 percent.

Weekly jobless claims came in at 281,000.

Bond yields fell, with the 10-year yield briefly falling below 2.4 percent and the 2-year dipping to 0.64 percent. The U.S. dollar weakened, with the euro briefly climbing to $1.11.

The June jobs data was released a day early this month due to Friday's Independence Day holiday.

Analysts polled by Reuters estimated the U.S. economy created 230,000 new jobs compared with the original read of 280,000 in May, with the unemployment rate falling to 5.4 percent from 5.5 percent.

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European stock markets traded flat. China's stock market, meanwhile, continued its slide, closing 3.5 percent lower as a relaxation in rules on using borrowed money to invest in the stock market failed to boost investor sentiment which has soured in recent weeks.

U.S. stocks closed broadly higher on Wednesday, lifted by better-than-expected data and hopes of a resolution between Greece and its creditors. On Wednesday, Greece became the first developed economy to default on a loan with the International Monetary Fund.

Read MoreGreek crisis: Tsipras and creditors in standoff

Talks between Greece and its international lenders are now postponed until after Sunday's referendum on the country's bailout terms.

The crisis in Greece has fueled concerns that the country could become the first to leave the 19-member euro zone -- an uncertainty that has kept global markets on edge.

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In addition to the payrolls data, factory orders for May are due at 10 a.m.