Dow Futures Up 95 Pts; Massive Payroll Gain Expected By Investing.com – Investing.com

  • Date: 07-May-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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Dow Futures Up 95 Pts; Massive Payroll Gain Expected By Investing.com – Investing.com

© Reuters.

By Peter Nurse   



Investing.com - U.S. stocks are seen edging higher at the open Friday, adding to the record highs of the previous session ahead of the highly anticipated April jobs report.



At 7:05 AM ET (1205 GMT), the contract was up 95 points, or 0.3%, traded 10 points, or 0.2%, higher, and climbed 32 points, or 0.2%.



The blue-chip closed 0.9% higher Thursday, a new record high and on a four-day winning streak, while the was up 0.8% and the ended up 0.4%.



Thursday’s gains came after a better than expected reading of the weekly , and this puts the focus firmly on the more comprehensive report, due at 8:30 AM ET (1230 GMT), for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy. 



The April U.S. employment report should show another solid month of job gains as the economy continues to recover from the pandemic, with economists predicting the addition of around one million jobs and the unemployment rate falling to 5.8% from 6%.



In the corporate sector, pipeline giant Energy Transfer (NYSE:) stock rose 5.2% premarket