US pre-open: Futures mixed ahead of nonfarm payrolls report
Wall Street futures were pointing to a mixed open ahead of the bell on Friday as market participants awaited January's nonfarm payrolls report later in the session.
As of 1235 GMT, Dow Jones futures were down 0.41%, while S&P 500 futures were 0.08% weaker and Nasdaq-100 futures had the index opening 0.48% firmer.
The Dow closed 518.17 points lower on Thursday, easily erasing the previous session's gains.
Friday's primary focus will be January's all-important nonfarm payrolls report and unemployment rate data, both scheduled for release at 1330 GMT, with analysts expecting nonfarm payrolls to have dropped from 199,000 in December to 150,000 last month, while the unemployment rate was expected to remain unchanged at 3.9%.
Investors were also digesting a slew of corporate earnings from overnight, with Ford shares in the red ahead of the bell after missing estimates by a country mile, while Amazon, Pinterest and Snap were all up double-digits in the pre-market following strong quarterly results.
In terms of Friday's earnings, Bristol-Myers Squibb posted slightly better than expected fourth-quarter earnings, while Royal Caribbean Cruises will report later in the day.
Also in focus, US oil prices topped $90.0 a barrel for the first time since 2014, adding to inflation concerns, while the yield on the benchmark 10-year Treasury note fell back slightly to 1.821%.