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U.S. jobs are expected to have grown by 224,000
in April after the meager 126,000 increase in March, with
unemployment falling to a seven-year low. The report is due at
8:30 a.m. ET.
A drop in the jobless rate to 5.4 percent from 5.5 percent, as
analysts expect, could bring forward bets on when the Fed will
raise interest rates.
However, most of Wall Street's top banks see the Fed holding off
until at least September before raising interest rates, based on
Reuters' most recent poll.
The number of Americans filing new claims for unemployment
benefits held near a 15-year low last week.
Wall Street closed higher on Thursday as tech stocks rebounded
and a global bond sell-off eased as oil prices fell more than 3
percent.
JD.com shares rose 2.9 percent to $34.05 in premarket trading as
China's No.2 e-commerce company's revenue topped analysts'
expectation.
Alibaba was up 1.1 percent at $86.95, a day after the
company's results also topped expectations.
Salesforce.com fell 4.1 percent to $71.44 after Reuters
reported that Microsoft <MSFT.O> was currently not weighing an
offer for the cloud software company.
Futures snapshot at 6:30 a.m. ET:
S&P 500 e-minis were up 3.25 points, or 0.16 percent, with
87,164 contracts changing hands.
Nasdaq 100 e-minis were up 11 points, or 0.25 percent, in volume
of 16,522 contracts.
Dow e-minis were up 28 points, or 0.16 percent, with 16,031
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Savio D'Souza)
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