Futures Static, Markets Brace for Jobs Report


U.S. stock futures were little changed on Friday as investors geared up for the latest non-farm payrolls report.

Futures for the Dow Jones Industrials inched up six points to 38,961.

Futures for the S&P 500 took on 2.25 points at 5,366.25.

Futures for the NASDAQ Composite gained 34.5 points, or 0.2%, to 19,094.75.

All three of the major averages are on pace for a winning week. The Dow has a 0.52% gain, while the S&P 500 is higher by 1.43% and the NASDAQ is on pace for a 2.62% advance.

The May U.S. jobs report is due at 8:30 a.m. ET. Economists polled by Dow Jones expect that 190,000 jobs were added, and they anticipate that wages grew 3.9% on a year-over-year basis.

GameStop reported its first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line.

The video game retailer on Friday posted net sales of $881.8 million for the period. That’s down 29% from $1.237 billion a year prior. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. The company also lost $32.3 million during the quarter.

In Japan, the Nikkei 225 ducked 0.1% Friday, while in Hong Kong, the Hang Seng index was off 0.6%.

Oil prices were better 47 cents to $76.02 U.S. a barrel.

Gold prices settled $36.90to $2,354.00 U.S. an ounce.

Futures Static, Markets Brace for Jobs Report



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