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Stock Market Today: Jobs Data to Cap Off Chockablock Week

Tickers in this article: ^DJI ^GSPC ^IXIC
NEW YORK (TheStreet) -- Official jobs data will end a holiday-shortened week that has been full of economic data. U.S. stock futures were moving higher in anticipation, hopes high after better-than-expected figures out from ADP Thursday on private sector employment.

Nonfarm payrolls are expected to advance 211,000 in June after a 217,000 gain in May, while the unemployment rate is forecast to hold steady at 6.3%.

The U.S. international trade gap, out at 8:30 a.m. EDT, is expected to narrow to $45.1 billion from $47.2 billion a year earlier.

Futures of the Dow Jones Industrial Average added 0.09% to 16,915, futures for the S&P 500 climbed 0.1% to 1,969.75, and Nasdaq futures gained 0.13% to 3,895.

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Markets were little moved over Wednesday's session as Wall Street digested data on payrolls and factory orders. The Dow made moves higher, but is yet to hit the 17,000-level. However, as Wells Fargo analyst Scott L. Wren notes, this level is less important from a technical trading level and more of psychological significance.

U.S. markets will close at 1 p.m. EDT Thursday ahead of the Independence Day holiday Friday. Markets will remain closed for the public holiday and resume as normal Monday.

--Written by Keris Alison Lahiff in New York.

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