American futures tack on ahead of jobs data

American futures tack on ahead of jobs data

On Friday, American futures pointed to a higher starting bell because traders were waiting for the nonfarm payrolls data.

The S&P 500 futures rallied 0.28%, Dow futures added 0.32%. As for tech heavy Nasdaq 100 futures, they inched up 0.37%.

Market participants are waiting for firm jobs data from the US Labor Department that is going to have its December nonfarm payrolls report published at 8:30, Friday. The consensus estimate is that the data will demonstrate jobs surge of 190,000, following November’s soar of 228,000. As for the unemployment rate, it’s expected to stay intact at 4.1%. Additionally, average hourly earnings are supposed to edged up 0.3% after a leap of 0.2% the previous month.

Car maker Fiat happened to be among the key performers in pre-market trading, gaining 2.86%. Networking hardware company Cisco Systems tacked on 1.95%, General Electric surged 1.24%, software company NQ Mobile rallied 5.65%.

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