A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City.

Noam Galai | Getty Images

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9:54 am: Economy is ‘roaring back,’ says Trump

President Donald Trump said the economy is “roaring back” after the U.S. added 4.8 million jobs in June. “Today’s announcement proves that our economy is roaring back. It’s coming back extremely strong. We have some areas where we’re putting out the flames of the fires … I think it’s working out very well,” the president said during a press conference on Thursday following the economic data’s release. – Stevens

9:39 am: Nasdaq Composite soars to new record high

The Nasdaq Composite hit a new all-time intraday high of 10,299.96 shortly after the open. The tech-heavy index is the top performer among the major averages this year after gaining more than 19%. – Stevens

9:30 am: Stocks jump on heels of jobs data

The major averages jumped at the open on Thursday, fueled by better-than-expected jobs data. The Dow rose 366 points for a gain of 1.4%, while the S&P 500 and Nasdaq Composite were up 1.2% and 1.1%, respectively. Nonfarm payrolls rose by 4.8 million in June, much better than the increase of 2.9 million expected by economists surveyed by Dow Jones. – Stevens

9:15 am: Reopening stocks jump after jobs report

Shares of companies with businesses tied to the reopening of the economy surged in premarket trading following the strong June jobs report. Shares of American Airlines rose 4% in extended trading. United and Delta both jumped about 3%. Kohl’s and Gap rose 4% and 3%, respectively. Cruise lines also got a boost, with Carnival up 4%. – Fitzgerald

8:39 am: U.S. weekly jobless claims higher-than-expected

The number of Americans filing for unemployment benefits for the first time rose more than expected last week as the coronavirus pandemic continues to pressure the U.S. economy.

The Labor Department said Thursday that initial jobless claims rose by 1.427 million in the week ending June 27. Economists polled by Dow Jones expected initial U.S. jobless claims to rise by another 1.38 million for the week ending June 27. – Imbert

8:35 am: U.S. jobs increase by better-than-expected 4.8 million in June

Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday. – Cox

8:28 am: Avis Budget climbs on upgrade

Shares of rental car company Avis Budget Group gained 6% in premarket trading after Morgan Stanley’s Adam Jonas upgraded the stock to overweight. The analyst said in a note that the used car outlook is recovering more quickly than expected, which would help the company’s financial outlook.

CNBC Pro subscribers can read more here. —Pound

8:25 am: Needham lowers Facebook estimates on advertising boycott

Wall Street firm Needham lowered its earnings estimates on Facebook for the end of 2020 due to the hundreds of companies pulling their ad dollars from the social media giant. A steady stream of companies came out in support of the “#StopHateForProfit” campaign, promising to pause advertising spend on Facebook to encourage the company to amp up efforts against hate speech and disinformation. “Our channel checks indicate that certain brands will boycott FB thru the Nov election,” Needham analyst Lauren Martin told clients. Martin said the social media giant is not cutting costs fast enough to offset a downdraft in revenue. The firm slashed its full-year earnings estimate to $6.80 per share from $7.47 per share. – Fitzgerald

8:05 am: Tesla jumps on better-than-expected deliveries

Shares of Tesla jumped more than 9% in premarket trading after the company said it delivered 90,650 vehicles in the second quarter, far surpassing the 72,000 deliveries expected by analysts polled by FactSet. Deliveries are the closest approximation of sales numbers reported by Tesla. – Kolodny, Wayland

7:39 am: Boeing completes FAA recertification flights, shares jump

Boeing shares rose more than 2% in the premarket after the airplane maker completed the FAA recertification test flights for the grounded 737 Max. The plane has been grounded since March 2019 following two fatal crashes that killed hundreds. “We will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards,” the FAA said in a statement. —Imbert

7:30 am: Stocks set to jump with Dow posting 200-point plus gain

U.S. stock index futures pointed to a jump at the open for the major averages on the final trading day of the holiday-shortened week. Futures on the Dow Jones Industrial Average climbed 1%. The move implied a 200-point gain at the open. S&P 500 futures rose 0.8%. Nasdaq-100 futures added 0.6%

All eyes were on two market-moving employment reports set to be released at 8:30 am ET, including the monthly employment report. Economists expect about 3 million jobs were created in June, up from the 2.5 million added in May. The weekly jobless claims data will also be released Thursday morning, which will provide Wall Street with a better sense of how many are still collecting unemployment benefits. – Stevens

– CNBC’s Jesse Pound and Jeff Cox contributed reporting.

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