Stock Futures firm ahead of key jobs report




Stock Futures firm ahead of key jobs report


By Medha Singh

(Reuters) - U.S. stock index futures rose on Friday, helped by gains in high-growth technology names including Apple, while investors turned to the closely watched jobs report for confirmation that the world's largest economy remains healthy.

The Labor Department's non-farm payrolls report is likely to show U.S. job growth slowed in December, but the pace of hiring probably remains more than enough to keep the longest economic expansion in history chugging along.

The data, which is expected at 8:30 a.m. ET (1330 GMT), could determine whether or not Wall street's three main indexes will rise beyond Thursday's all-time closing highs at the open.

Signs that the United States and Iran will stand down on further military action, and firming hopes that an initial U.S.-China trade deal will be signed next week have helped U.S. stocks recover from a blip earlier this week caused by flaring tensions in the Middle East.

At current levels, the Dow Jones Industrial Average was set to breach 29,000 points at the open. Futures tracking Dow were up 65 points, or 0.22% at 7:00 a.m. ET.

S&P 500 e-minis were up 9 points, or 0.27% and Nasdaq 100 e-minis were up 39.75 points, or 0.44%.

Technology stocks (SPLRCT), the market leaders of the last decade, were on track for sharpest gains among the 11 main S&P sectors in the first full trading week of 2019.

Apple Inc (O:AAPL) rose 0.7% in premarket trading after Credit Suisse (SIX:CSGN) became the latest to raise its price target on the stock, citing better-than-feared iPhone 11 cycle so far.

Apple suppliers Qorvo Inc (O:QRVO) and Skyworks Solutions Inc (O:SWKS) also gained more than 2% each after Mizuho upgraded both the stocks to "buy" on an improving 5G handset outlook.

Facebook Inc (O:FB) was up 0.7% after a report Bernstein started coverage on the stock with an "outperform" rating.

With the fourth-quarter earnings season set to begin in earnest next week, analysts expect profits for S&P 500 companies to drop 0.6% in their second consecutive quarterly decline, according to IBES data from Refinitiv.





Related News

Metro Bank likely to pick interim boss as next CEO: Sky News
Today, 00:15
(Reuters) - Britain's Metro Bank (L:MTRO) is likely to pick acting boss Daniel Frumkin as its next chief executive, Sky News reported https://news.sky.com/story/metro-bank-faces-pressure-to-hand-interim-chief-top-job-11936657 on Monday, citing
Gazprom deputy CEO Sereda moved to new role at export unit
Today, 00:12
MOSCOW (Reuters) - Gazprom (MCX:GAZP) deputy chief executive officer Mikhail Sereda is to take up a new role at the Russian gas giant's exporting arm, the company said on Monday. Sereda, 49, who is close to Gazprom chief executive Alexei
Spanish supermarket chain Dia appoints new Brazil CEO to lead restructuring
Today, 00:09
SAO PAULO (Reuters) - Spanish supermarket chain Dia (MC:DIDA) said on Monday it has appointed Marcelo Maia as chief executive of its Brazilian subsidiary to lead a restructuring process in Brazil, and as part of a broader global shakeup. Maia will
Sanders, Bloomberg trade insults as Democratic White House race heats up
Today, 00:06
By Tim Reid and John Whitesides RICHMOND, Calif. (Reuters) - Democratic White House contenders Bernie Sanders and Michael Bloomberg stepped up their attacks on each other on Monday, with Sanders accusing the media mogul of trying to buy the election
China's Hubei province reports 93 new coronavirus deaths on Feb. 17
Today, 00:03
BEIJING (Reuters) - The number of deaths in China's central Hubei province from a coronavirus outbreak rose by 93 to 1,789 as of Monday, the province's health commission said on its website on Tuesday. There had been a further 1,807 cases



Latest News
Metro Bank likely to pick interim boss as next CEO: Sky News
18.02.2020 00:15
(Reuters) - Britain's Metro Bank (L:MTRO) is likely to pick acting boss Daniel Frumkin as its next chief executive, Sky News reported https://news.sky.com/story/metro-bank-faces-pressure-to-hand-interim-chief-top-job-11936657 on Monday, citing an unidentified insider. Formal confirmation of an appointment could take place on Tuesday or
Read more
Gazprom deputy CEO Sereda moved to new role at export unit
18.02.2020 00:12
MOSCOW (Reuters) - Gazprom (MCX:GAZP) deputy chief executive officer Mikhail Sereda is to take up a new role at the Russian gas giant's exporting arm, the company said on Monday. Sereda, 49, who is close to Gazprom chief executive Alexei Miller, has been named first deputy of Gazprom Export. He also become general director of Gazprom Trading,
Read more
Spanish supermarket chain Dia appoints new Brazil CEO to lead restructuring
18.02.2020 00:09
SAO PAULO (Reuters) - Spanish supermarket chain Dia (MC:DIDA) said on Monday it has appointed Marcelo Maia as chief executive of its Brazilian subsidiary to lead a restructuring process in Brazil, and as part of a broader global shakeup. Maia will replace Marin Dokozic, who occupied the CEO position for about a year. It was not immediately clear
Read more
Sanders, Bloomberg trade insults as Democratic White House race heats up
18.02.2020 00:06
By Tim Reid and John Whitesides RICHMOND, Calif. (Reuters) - Democratic White House contenders Bernie Sanders and Michael Bloomberg stepped up their attacks on each other on Monday, with Sanders accusing the media mogul of trying to buy the election and Bloomberg saying the senator and his fervent supporters were hurting the party. Sanders
Read more
China's Hubei province reports 93 new coronavirus deaths on Feb. 17
18.02.2020 00:03
BEIJING (Reuters) - The number of deaths in China's central Hubei province from a coronavirus outbreak rose by 93 to 1,789 as of Monday, the province's health commission said on its website on Tuesday. There had been a further 1,807 cases detected in Hubei, the epicenter of the outbreak, taking the total in the province to 59,989.
Read more