US Equity Futures Rise Ahead of Crucial Jobs Data

U.S. stock index futures edged upward on Friday, partially recovering from previous losses caused by the Federal Reserve's hawkish stance on interest rates. Investors await the release of the crucial jobs report, which could influence the monetary policy outlook. Premarket trading shows mixed performance, with some stocks gaining while others decline. Notable premarket gainers include GCT Semiconductor Holding, MediaCo Holding, and DigiAsia Corp, while ThermoGenesis Holdings Inc, Semantix Inc, and Grindrod Shipping Holdings Ltd experience losses.

U.S. Equity Futures Rebound Ahead of Key Economic Data

NEW YORK, United States - U.S. stock index futures rebounded on Friday, partially recovering from a day of losses triggered by concerns over interest rate hikes. The market is now poised for a crucial jobs report that could significantly influence the monetary policy outlook.

As of 7:32 ET, Dow e-minis were up 0.20% at 38,994, suggesting a positive open for the broader market. S&P 500 e-minis followed suit, edging up 0.19% to 4,621.25.

Investors are eagerly awaiting the release of the Labor Department's nonfarm payroll report, scheduled for release later on Friday. The report is widely anticipated to provide insights into the strength of the labor market and its implications for the Federal Reserve's monetary policy stance.

In premarket trading, several individual stocks exhibited notable price movements:

Top NYSE Percentage Gainers (Premarket)

• GCT Semiconductor Holding: +18.7%
• MediaCo Holding: +83.6%
• DigiAsia Corp: +62.5%

Top NYSE Percentage Losers (Premarket)

• Sunlands Technology Group: -7.2%
• Altice USA: -6.6%
• American Well Corporation: -6.2%

Top Nasdaq Percentage Gainers (Premarket)

• MediaCo Holding: +83.6%
• DigiAsia Corp: +62.5%

Top Nasdaq Percentage Losers (Premarket)

• ThermoGenesis Holdings Inc: -51.1%
• Semantix Inc: -50.6%
• Grindrod Shipping Holdings Ltd: -36.1%

Notable Company News and Buzz

• Coinbase Global Inc: Declines as bitcoin prices fall.
• Shockwave Medical Inc: Surges after Johnson & Johnson agrees to acquire the company for $12.5 billion.
• SoFi Technologies Inc: Upgraded to "market perform" by KBW following a limited downside analysis.
• Krispy Kreme Inc: Jumps after Piper Sandler upgrades the company to "overweight."

The market's reaction to these developments will likely be influenced by the upcoming jobs report and its implications for interest rate decisions by the Federal Reserve. As the day progresses, investors will be closely monitoring the data and news flow for further guidance on the direction of the market.