S&P Futures Rise Ahead of May Jobs Report

Stock market futures rose Friday ahead of a key jobs report that is expected to shed light on the health of the U.S. economy.

Futures for the 30-stock index charged ahead 164 points, or 0.4%, to 42,533.

Futures for the S&P 500 index took on 25.75 points, or 0.4%, to 5,971.75.

Futures for the NASDAQ surged 91.75 points, or 0.4%, to 21,674.

The move in futures comes as the major indexes are holding on to modest gains for the week. The S&P 500 has gained 0.5% and Dow is up 0.1%, week to date, while the NASDAQ is up nearly 1%.

The May non-farm payrolls report is due out before the opening bell on Friday. Economists expect growth of 125,000 jobs, according to Dow Jones, which would represent a decline from the prior month but likely not enough of one to cause a surge in recession fears.

Some recent economic data has pointed to a slowdown in the U.S., raising questions about the impact of the multi-front tariff negotiations and the next steps for the Federal Reserve.

Earnings reports could also be a key theme on Friday. Broadcom, Lululemon and Docusign all moved lower in extended trading after releasing their quarterly reports.

In Japan, the Nikkei 225 index gained 0.5% Friday, while in Hong Kong, the Hang Seng sank 0.5%

Oil prices dipped 0.03 cents to $63.34 U.S. a barrel.

Gold prices gained $6.30 to $3,381.40 U.S. an ounce.