us stock index futures were slightly lower friday as investors digested the labor departments june jobs report which showed employers hired fewer staff than in previous months but still reflected a resilient economy that may justify further interest rate rises by the federal reserve on thursday the dow jones industrial average fell 366 points or 107 to 33922 the sp 500 declined 35 points or 079 to 4412 and the nasdaq composite dropped 113 points or 082 to 13679 us stocks struggled for direction early friday after the us created 209000 new jobs in june the smallest increase in more than two and a half years a sign the labor market is cooling off as rising interest rates gradually weaken the economy see jobs report shows 209000 gain in june smallest increase since end of 2020 this is the first time in more than a year that the monthly jobs number has been less than forecasts bringing a record streak of outperformance to an end according to a team of analysts from bespoke investment group with todays weakerthanexpected report the record run of betterthanexpected nfp reports ended at 14 the team said in a note shared with clients and marketwatch on friday the data painted a starkly different picture of the state of the us labor market than a report on private payrolls growth from adp released on thursday that data came in sharply higher than economists had expecting suggesting that nearly half a million jobs had been created last month the latest data likely wouldnt deter the federal reserve from pushing interest rates higher analysts said the minutes of the feds june meeting published wednesday showed nearly all senior fed officials would support more rate hikes the yield on the 2year treasury dropped back below 5 and was down four basis points at 4969 the yield on the 10year treasury note was marginally higher at 4048 this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal