Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Aug. 2:
1. -- U.S. stock futures were rising Friday ahead of a jobs report in the U.S. that is expected to show a fourth-straight month of employment gains.
European stocks were trading higher. Asian shares ended Friday's session to the upside. Japan's Nikkei 225 index jumped 3.3% to close at 14,466.16.
2. -- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for July at 8:30 a.m. EDT, personal income and personal spending for June at 8:30 a.m., and factory orders for June at 10 a.m.
3. -- U.S. stocks on Thursday finished with gains and the S&P 500 crossed 1,700 for the first time in its history after an encouraging U.S. jobless claims report and solid corporate earnings.
The S&P 500 surged 1.25% to close at 1,706.87 after reaching as high as 1,707.85. The Dow Jones Industrial Average advanced 0.83% to 15,628.02. The Nasdaq jumped 1.36% to 3,675.74
4. -- LinkedIn's
LinkedIn forecast revenue for the current quarter that trailed forecasts. The company said it is expecting sales in a range of $367 million to $373 million, trailing an average analyst projection for $383.3 million, according to data compiled by Bloomberg.
5. -- Chevron
In the year-earlier quarter, the oil giant earned $7.21 billion, or $3.66 a share, on revenue of $60.61 billion.
Rivals Exxon Mobil
6. -- Motorola, acquired by Google
Motorola is assembling the Moto X in Texas, making it the first smartphone to be put together in the United States.
The Moto X phone allows for a lot of customization by the user, from the color of the power button to a personalized message on the back cover.
7. -- Toyota
The Japanese automaker also raised its full-year earnings forecast to 1.48 trillion yen ($14.8 billion), up almost 54% from the previous year.