Stocks gain in a holiday-shortened session Thursday after a strong jobs report for June and as the House looks to vote on President Trump's tax-and-spending bill.

The strong jobs report also spurred a spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon.

U.S. stock futures pointed to a slightly higher open on Thursday, as investors digested stronger-than-expected employment data and recent bullish momentum in tech stocks. Buying interest ahead of the bell was supported by new figures from the U.