Investors brace for May jobs data that could shape Federal Reserve policy, with economists predicting 80,000 jobs added after April's 115,000 gain. Broadcom's earnings and oil prices slipping anchor morning sentiment as traders weigh economic momentum.

Morning earnings from Ciena and Toro Co. precede afternoon reports from Lululemon, Planet Labs, and DocuSign. Weekly jobless claims and first-quarter productivity figures round out Thursday's economic calendar ahead of Friday's pivotal nonfarm payrolls release.

Netflix hosts its annual shareholder meeting Thursday evening, while the Computex conference in Taipei wraps up. Richmond Fed President Tom Barkin speaks mid-morning, offering fresh commentary on monetary policy as markets digest the week's data flow.

The jobs report's jobs and wage figures will directly inform the Fed's next move, making Friday's release a critical barometer for rate expectations.