U.S. stock futures showed modest upward movement on Thursday as traders prepared for the release of June’s critical nonfarm payroll report. At the same time, market participants weighed the implications of the newly announced trade agreement between the United States and Vietnam.

The S&P 500 and Nasdaq closed at record highs on Wednesday, boosted by gains in technology stocks and a trade agreement between the U.S. and Vietnam that eased concerns over prolonged trade tensions.