Jobs Report Due As Markets Eye Fed Rate-Hike Risk (Live Coverage)

The June jobs report is expected to show a solid hiring backdrop, keeping markets focused on the potential for a rate hike later this year despite falling oil prices. Because the Federal Reserve has stopped providing forward guidance under new Federal Reserve Chairman Kevin Warsh, creating uncertainty about future policy moves, markets could swing one way or another if the jobs data substantially overshoots or undershoots expectations. S&P 500 futures rose slightly ahead of the jobs report as the benchmark index looks to sustain the rally above a key technical level in the holiday-shortened week.