us stock futures pointed to a higher open for wall street on friday after a debtceiling bill cleared a final hurdle and as investors turned their attention to jobs data that could help cement a pause in federal reserve interestrate hikes on thursday the sp 500 spx advanced by 4119 points or 1 to end at 422102 the highest settlement since aug 19 according to dow jones market data the dow jones industrial average djia rose 15330 points or 05 to finish at 3306157 and the nasdaq composite comp added 16570 points or 13 to 1310098 the highest close since aug 16 markets were breathing a sigh of relief after the us senate voted through a crucial debtceiling bill allowing it to clear a final big hurdle late thursday the fiscal responsibility act which will raise the ceiling for federal borrowing and avert a disastrous government default is now on its way to to president joe biden’s desk to be signed into law the next set of jitters though may come from an expected flood of treasury bill issuance as the government tries to rebuild its coffers that have been drained by the weekslong standoff some analysts have warned of a potential liquidity squeeze that could trigger volatility for markets but investors have enough to keep them busy in the near term with nonfarm payroll data due at 830 am eastern the us is expected have added 180000 jobs in may down from 253000 in the prior month according to economists polled by the wall street journal that would mark the secondsmallest increase this year privatesector payroll data released earlier this week showed strongerthanexpected hiring while weekly jobless claims indicated no signs of big layoffs the unemployment rate and hourly wages will be released at the same time as nonfarm payrolls the fresh jobs data also comes a day after reports on construction and manufacturing supported the picture of a continued slowing in the economy even amid healthy jobs growth the data fueled a stock rally on thursday as it inspired hopes that the fed will leave interest rates on hold after its twoday policy meeting wraps up june 14 “the fed clearly sends a message that they no longer see urgency in hiking the rates while also letting investors know that their job fighting inflation is not done just yet that’s a way of managing market expectations pausing rate hikes without however letting the market conditions loosen due to excess dovish speculation” said ipek ozkardeskaya senior analyst at swissquote bank in a note to clients elsewhere asian markets rallied on news of the debtceiling deal agreement with the hong kong hang seng hsi up nearly 4 after skirting bearmarket territory earlier this week following sluggish china economic data the yield on the 10year treasury note tmubmusd10y edged up one basis point to 3616 while the dollar was steady european stocks sxxp also traded higher