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Jobs Report to Influence Stocks

T.MFC

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

Futures for the Dow Jones Industrial Average gained 78 points, or 0.3%, to 26,343

Futures for the S&P 500 tacked on 10 points, or 0.3%, at 2,927.50

NASDAQ futures leaped 47.5 points, or 0.6%, to 7,781.75

Friday's session will focus on April jobs report, which is slated to be released at 8:30 a.m. ET.

Analysts on Wall Street are expecting a gain of 196,000 jobs in April and a jobless rate of 3.8%, according to Dow Jones estimates. Job creation posted a solid rebound in March with non-farm payrolls expanding by 196,000 after February's gain of just 20,000.

Overseas, Hong Kong markets pulled ahead 0.5%, while markets in Japan remained on holiday.

Oil prices gained eight cents to $61.89 U.S. a barrel.

Gold prices were unchanged at $1,272.00 U.S. an ounce.



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