Stock Market Today: Dow Jones Futures Slip, S&P 500 Gains Ahead of July Jobs Report—Atlassian, Trade Desk
U.S. stock futures were mixed ahead of the July jobs report, with FactSet forecasting nonfarm payrolls up 97,500 and unemployment at 4.2%. 10-year Treasuries yielded 4.67% and FedWatch priced a 54.7% chance of a September hike. Atlassian (TEAM) rose on strong Q4 results; Trade Desk (TTD) fell on weak Q2 and soft guidance; Cloudflare (NET), Doximity (DOCS), and Sezzle (SEZL) also moved after earnings.
How this was made
The 30-second read
Why it matters
The most tradable, company-specific information is the same-session earnings and guidance-driven premarket moves in TEAM, TTD, NET, DOCS, and SEZL. Macro positioning is shaped by jobs-report expectations and Fed hike odds into September.
Market read
Traders should prioritize earnings dispersion in the named stocks while using the jobs report and rate-hike odds as the main index-level volatility drivers.
What to watch
The article provides no specific guidance numbers for TEAM/TTD/NET/DOCS/SEZL beyond “above/below estimates,” so post-open moves may hinge on details not captured here.
Background
The piece is a pre-open market wrap with a focus on upcoming July nonfarm payrolls and several company earnings reactions.
Ticker impact
Atlassian (TEAM) surged 30.25% in premarket after reporting better-than-expected fourth-quarter results.
High probability of continued elevated volatility and upside bias at the open, subject to post-open digestion.
The article cites a same-session premarket surge tied directly to a fresh earnings beat, which typically sustains order-flow effects into the next session.
Trade Desk (TTD) plunged 27.45% after worse-than-expected Q2 results and soft Q3 revenue guidance.
Likely pressure at the open with potential for further downside if guidance concerns dominate.
The article links the magnitude of the move to both results and forward guidance, which usually matters more than the headline beat/miss alone.
Cloudflare (NET) rose 14.97% after better-than-expected Q2 results and raising FY26 guidance above estimates.
Moderate likelihood of continued strength, though gains may fade if the market focuses on valuation or remaining execution risk.
A same-session guidance increase is a concrete fundamental update that can extend beyond the initial earnings reaction.
Doximity (DOCS) surged 71.10% after better-than-expected Q1 sales and raised FY27 sales guidance above estimates.
Elevated probability of momentum continuation, but also higher risk of sharp mean reversion given the size of the move.
The article attributes the outsized jump to both results and forward guidance, which can sustain demand but also attracts profit-taking.
Sezzle (SEZL) declined 23.82% after reporting second-quarter financial results.
Near-term downside bias possible, especially if investors interpret the print as signaling deterioration.
Unlike the other names, the article does not specify beat/miss or guidance details for SEZL, reducing confidence in the exact driver.
CME Group’s FedWatch tool is cited showing a 54.7% likelihood of a September rate hike.
No clear directional price impact implied by the article itself.
The article uses CME’s tool as a data source; it does not report a CME-specific event or change.
Market effects
Earnings-driven moves across software and fintech-like names may increase dispersion, while macro uncertainty from jobs data can amplify index-level volatility.
Asian markets mostly lower, which can add caution to U.S. open positioning despite some European strength.
Iran-Oman Strait of Hormuz negotiations can influence energy risk premia, indirectly affecting global risk sentiment and rates.
Counterpoint
Index futures are mixed and macro catalysts (jobs report, FedWatch pricing) could overwhelm single-stock earnings momentum by midday.
Key entities
- companyAtlassian
Reported better-than-expected Q4 results; shares jumped 30.25% premarket.
- companyTrade Desk
Reported worse-than-expected Q2 results and soft Q3 revenue guidance; shares fell 27.45% premarket.
- companyCloudflare
Reported better-than-expected Q2 results and raised FY26 guidance; shares rose 14.97% premarket.
- companyDoximity
Reported better-than-expected Q1 sales and raised FY27 sales guidance; shares surged 71.10% premarket.
- companySezzle
Reported Q2 results; shares declined 23.82% after the release.
