On Friday, attention might pivot towards the Monthly Jobs Report and Manufacturing Activity figures. Key corporations, including Apple (AAPL), Amazon (AMZN), and Intel (INTC), are set to release their earnings reports.
Early indications from the U.S. Futures Index suggest a positive opening for Wall Street. As of 8:15 am ET, Dow futures had risen by 157.00 points, S&P 500 futures had gained 23.50 points, and Nasdaq 100 futures had advanced by 96.25 points.
However, U.S. major indices concluded Thursday's trading session near the day's lowest levels. The Nasdaq dropped sharply by 512.78 points, or 2.8%, landing at 18,095.15. Meanwhile, the S&P 500 slid by 108.22 points, or 1.9%, concluding at 5,705.45, and the Dow declined by 378.08 points, or 0.9%, closing at 41,763.46.
On the economic calendar, the Employment Situation report for October is expected at 8:30 am ET. The projected consensus is 125,000 jobs, down from an increase of 254,000. The unemployment rate is anticipated to remain at 4.1%, consistent with September. Private Payrolls are forecasted to be 90,000, compared to an increase of 223,000 in September. Average hourly earnings are expected to rise by 4.0%, matching the growth from the previous month.
The PMI Manufacturing Final for October is scheduled for release at 9:45 am ET, following a prior month's index of 47.3. Meanwhile, the ISM Manufacturing Index for October will be published at 10:00 am ET, with expectations set at an increase to 47.6 from 47.2 in September.
Construction Spending data for September is due at 10:00 am ET, with a forecasted rise of 0.1% after a 0.1% decrease the prior month.
At 1:00 pm ET, the Baker Hughes Rig Count will be released, showing last week's North American rig total at 801 and the U.S. count at 585.
Additionally, Dallas Fed President Lorie Logan is scheduled to deliver opening remarks at the Women in Central Banking Workshop, hosted by the Federal Reserve Bank of Dallas, at 9:45 am ET.
In Asia, stock markets mostly experienced declines on Friday. China's Shanghai Composite Index fell by 0.2% to 3,272.01, while Hong Kong's Hang Seng Index rose by 0.9% to 20,506.43. Japanese markets also took a hit, with the Nikkei 225 Index plummeting 2.6% to 38,053.67 and the broader Topix Index decreasing by 1.9% to 2,644.26. Australian markets mirrored this downturn, as the S&P/ASX 200 Index and the All Ordinaries Index both decreased by 0.5%, closing at 8,118.80 and 8,379.70 respectively.
