US pre-open: Futures higher ahead of NFP report

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Friday , as market participants awaited the release of May's all-important non-farm payrolls report. As of 1220 BST, Dow Jones futures were up 0.38%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.45% and 0.46% firmer, respectively.

The Dow closed 108.00 points lower on Thursday as the breakdown in Donald Trump and Elon Musk's relationship turned very ugly, very quickly.

Friday's primary focus will undoubtedly be last month's non-farm payrolls report, due out at 1330 BST, with economists expecting to see 125,000 jobs added in May, down from the previous month's reading as recent economic data continues to point to a slowdown in the US economy, raising fears regarding the impact of Donald Trump's so-called "Liberation Day" tariffs.









In the corporate space, semiconductor manufacturer Broadcom posted quarterly earnings that beat on both the top and bottom lines, while shares in athleisure giant Lululemon were firmly in the red prior to the opening bell after cutting FY profit guidance as a result of the "dynamic macroenvironment" stemming from Donald Trump's onoing trade war.

Tesla shares were in the green ahead of the bell after recording heavy losses on Thursday amid a war of words between Elon Musk and Donald Trump that wiped $152.0bn off the carmaker's market cap.







Reporting by Iain Gilbert at Sharecast.com