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Stock futures rally as investors gear up for jobs report, key earnings: Live updates
U.S. equity futures rose early Monday as investors awaited the July jobs report and another busy week of earnings to kick off August trading.
Futures tied to the Dow Jones Industrial Average rallied 306 points, or 0.58%. S&P 500 futures advanced 0.42%, and Nasdaq-100 futures climbed 0.33%.
Oil prices fell after President Donald Trump said earlier Sunday he canceled a planned attack on Iran. U.S. media reports on Friday said the president was gearing up for a new wave of strikes as hopes for a negotiated settlement to the war diminished and energy prices surged.
West Texas Intermediate futures for September delivery declined 5.6% to $80.01 per barrel. Brent crude futures for October delivery lost 4.5% to $83.98 a barrel.Â
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