Stock futures rise ahead of the April jobs report

U.S. stock index futures moved higher on Friday morning, as market participants await key U.S. employment data.

Dow futures indicated a rise of more than 51 points at the open, while the Nasdaq Composite is set to open 40 points higher. Futures on the S&P 500 was also slightly higher.

Wall Street closed lower on Thursday as interest rates moved higher in the Treasury market, driven by the Federal Reserve Chairman Jerome Powell’s comments Wednesday on low inflation pressures being “transitory.”


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Nonetheless, Friday’s session will focus on important data releases. These include nonfarm payrolls, unemployment data, and average hourly wages due out 8:30 a.m. ET. There will also be services PMI data at 9:45 a.m. ET.

Investors will also be focused on corporate earnings from Fiat Chrysler.

There will also be a slew of speeches from Fed officials. Chicago Fed President Charles Evans will speak at 10:15 a.m. ET and Fed Vice Chair Richard Clarida will address an audience at 11:30 a.m. ET.

Source: cnbc.com | Original Link

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