CNBC reports that U.S. stock futures rose in early trading on May 8, with traders closely monitoring the latest military developments between the U.S. and Iran in the Strait of Hormuz. Markets are carefully balancing geopolitical risks against economic data expectations.
The most significant economic data this week will be the April jobs report, expected on Friday. Analysts note that despite uncertainty from the Iran situation, employment figures remain the key indicator for assessing Federal Reserve policy direction.