US pre-open: Futures trade higher ahead of October non-farm payrolls

Wall Street futures were in the green ahead of the bell on Friday as market participants awaited October's highly anticipated jobs report.

As of 1200 GMT, Dow Jones futures were up 0.12%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.22% and 0.20% higher, respectively.

The Dow closed 33.35 points lower on Thursday, while the S&P 500 closed at a record high in its sixth-straight winning day after jobless claims hit their lowest level of the Covid-19 pandemic.

Friday's primary focus will be October's non-farm payrolls report and unemployment rate numbers at 1230 GMT, with economists looking for an increase in non-farm payrolls of 450,000, an uplift from disappointing the last two months' prints of 366,000 in August and 194,000 in September.

The unemployment rate, meanwhile, was expected to have slipped to 4.7% last month from 4.8% in September and well below June's print of 5.9%.

In addition to last month's non-farm payrolls report and unemployment rate numbers, consumer credit change data for September will follow at 1900 GMT.

In the corporate space, Peloton shares were down more than 30% in pre-market after the fitness firm posted a much bigger than expected loss and slashed its full-year outlook overnight amid a shift away from at-home workouts and back to gyms, while Pfizer stock also advanced after revealing its Covid-19 drug reduced the risk of hospitalisation by 89% when used in conjunction with an HIV drug.

No major earnings were slated for release on Friday.