This post was originally published on this site
U.S. stock futures edged higher Friday, ahead of a report expected to show the U.S. economy adding jobs as the Federal Reserve readies a rate-hike cycle.
What’s happening
-
Futures on the Dow Jones Industrial Average
YM00,
+0.17%
rose 66 points, or 0.2%, to 36189 -
Futures on the S&P 500
ES00,
+0.25%
rose 0.3%, or 12 points, to 4700 -
Futures on the Nasdaq 100
NQ00,
+0.28%
increased 0.3%, or 49 points, to 15808
On Thursday, the Dow Jones Industrial Average
DJIA,
fell 171 points, or 0.5%, to 36236, the S&P 500
SPX,
slipped 0.1% to 4696 and the Nasdaq Composite
COMP,
eased 0.1% to 15081. The Nasdaq is now 6% below its November peak.
What’s driving markets
After a week in which the yield on the 10-year Treasury
TMUBMUSD10Y,
surged — pressuring growth stocks and bolstering financials — traders are looking to see if the jobs report is in line with the optimistic expectations of Federal Reserve officials.
The nonfarm payrolls report is due from the Labor Department at 8:30 a.m. Eastern, with economists polled by The Wall Street Journal expecting a 422,000 rise for December.
