Stock market futures rose Friday ahead of a key jobs report that is expected to shed light on the health of the U.S. economy.
S&P 500 futures added 0.5%.
Futures linked to the Dow Jones Industrial Average climbed 160 points, or 0.4%.
The S&P 500 and Dow are up 0.5% and 0.1%, respectively, week to date, while the Nasdaq Composite is up nearly 1%.
On Thursday, the S&P 500 fell 0.5% and the Nasdaq Composite slid 0.8%.
A major jobs report that is anticipated to provide insight into the state of the U.S. economy caused stock market futures to rise on Friday. S. . the economy.
The SandP 500 futures saw a 0.5 percent gain. Futures that are associated with the Dow Jones Industrial Average increased by 160 points, or 0.4 percent. Futures on the Nasdaq-100 increased 0.5 percent.
The nonfarm payrolls report for May must be released by Friday before the opening bell. The Dow Jones reports that economists anticipate 125,000 new jobs to be created, which would be a decrease from the previous month but probably not enough to spark a panic about a recession.
According to some recent economic data, the U.S. economy is slowing down. A. posing queries regarding the effects of the multi-front tariff talks and the Federal Reserve’s future course.
“The Federal Reserve is on a tight course. They anticipate that the economy will improve, but ongoing trade uncertainty is a recipe for monetary policy errors. Only a slight deterioration in the labor market is anticipated, as both big and small companies have indicated that they intend to retain their employees and weather the tariff storm. This lessens the need for Fed assistance, according to Seema Shah, chief global strategist at Principal Asset Management.
The futures move occurs while the main indexes are clinging to their modest weekly gains. As of this week, the Nasdaq Composite is up almost 1 percent, while the S&P 500 and Dow are up 0.5 and 1 percent, respectively.
On Thursday, the Nasdaq Composite dropped 0.8 percent and the S&P 500 fell 0.5 percent. As CEO Elon Musk argued with President Donald Trump on social media, Tesla’s stock fell 14%, weighing down those indexes. With Tesla excluded, the Dow was down 108 points, or less than 0.3 percent.
