Futures Rise Amid U.S. Jobs Report
U.S. stock index futures rose early Friday as Wall Street looks set for another day of gains as Wall Street awaited key jobs data.
Futures for the Dow Jones Industrial Average picked up 65 points, or 0.3%, to 25,810.
The Dow comes into Friday’s session riding a four-day winning streak as expectations for easier monetary policy from the Federal Reserve increased. The 30-stock index is also on pace to snap a six-week losing streak.
Futures for the S&P 500 gained 7.75 points, or 0.3%, at 2,853.50.
NASDAQ futures soared 26 points, or 0.4%, to 7,308.25
The Dow gained 181.09 points Thursday, bringing total gains for the week to more than 900 points and putting it on course for the best week of the year. The S&P 500 rose 0.61% and the NASDAQ gained 0.53%.
Among individual companies, Barnes & Noble was in the news, on agreeing to be acquired by Elliott Management.
On the economic slate, the U.S. Labor Department reported non-farm payrolls increased by just 75,000 even as the unemployment rate remained at a 50-year low of 3.6%.
Economists polled by Dow Jones forecast employment in the U.S. to grow by 180,000 jobs last month. The data comes amid worries over a potential economic slowdown while global trade tensions persist.
Talks between U.S. and Mexican officials continued Thursday afternoon, with Mexican ambassador to the U.S. Martha Barcena Coqui telling the media that negotiations involved a “very good discussion.”
Mexico has also reportedly agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants hoping to reach the U.S.
Overseas, the Nikkei 225 picked up 0.5% Friday, while in Hong Kong, markets had Friday off.
Oil prices leaped 53 cents to $53.12 U.S. a barrel.
Gold prices sank $1.90 to $1,340.80 U.S. an ounce.