Updated from 6:05 a.m. ET
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Here are five things you must know for Monday, July 10:
1. -- U.S. stock futures were rising on Monday, July 10, while most major global stock markets posted increases after Wall Street rallied on Friday, July 7, following stronger-than-expected U.S. jobs data.
Futures for the Dow Jones Industrial Average were slightly higher Monday while Nasdaq futures pointed to a gain at the open of trading of almost 0.4%. Tech shares rallied on Friday, lifting the Nasdaq by more than 1%.
The U.S. economy added 222,000 jobs in June, according to the latest report from the Department of Labor. Job increases were largely driven by hiring growth in the health care, financial services, and restaurant industries. Economists expected just 177,000 new positions.
The economic calendar in the U.S. on Monday is bare, but investors will be looking to testimony from Federal Reserve Chair Janet Yellen before U.S. lawmakers on Wednesday, July 12, and Thursday, July 13.
In-store deals for Prime Day started early on July 5 and will be available through July 11.
Amazon made an estimated $415 million on its first Prime Day in 2015 and an estimated $525 million on Prime Day 2016, according to Fung Global Retail & Technology analyst Deborah Weinswig. Analysts are calling for even higher sales in 2017, with some projecting sales of between $800 million and $1 billion for Amazon's third Prime Day event.
Musk said the first Model 3 had come off the production line and was now going through final checks. The first car will go straight into Musk's garage as a 46 th birthday present, he said.
The CEO said last week, a week in which the stock fell more than 17% on concerns over poor registration data in its home market of California and questions over its bullish production targets, that the first Model 3s would be on the roads in late July.
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A federal judge in San Francisco found that the proposed settlement was "fair, reasonable and adequate."
Wells Fargo CEO Tim Sloan said the preliminary approval represents "a major milestone in our efforts to make things right for our customers. It further ensures each customer impacted by an improper retail sales practice has every opportunity for remediation."
Last September, the bank agreed to pay a $185 million fine in conjunction with the scandal in which about 2 million client accounts were created without customers' knowledge.
"Homecoming" kicked off the off the third "Spider-Man" iteration in the last 15 years, and the second reboot since 2014's "The Amazing Spider-Man."
The film, made for about $175 million, also grossed $140 million internationally over the weekend.