S&P 500 futures closed the day down at 6,488, slightly lower from Thursday's close. Weaker than expected jobs numbers initially pushed equities higher, leading to a new all-time high north of 6,540, with rate cut odds moving higher and a third rate cut now priced into 2025. However, equities moved lower later in the session, settling just below 6,500. Volatility, which moves inversely to the indices, initially moved lower as stocks rallied but settled unchanged on the day and for the week. Looking ahead to next week, CPI and PPI inflation reports are on deck, and Fed speakers are in their blackout period ahead of the September FOMC.