US Futures Edge Higher; Caution Ahead of Payrolls By Investing.com – Investing.com

US Futures Edge Higher; Caution Ahead of Payrolls By Investing.com – Investing.com

© Reuters

By Peter Nurse   

Investing.com - U.S. stocks are seen opening marginally higher Friday, with investors displaying caution ahead of the release of the widely-watched monthly employment report.

At 7:05 AM ET (1105 GMT), the contract was up 30 points, or 0.1%, traded 3 points, or 0.1%, higher, while climbed 7 points, or 0.1%.

The major indices closed higher Thursday after the U.S. Senate agreed to raise the on the federal government by $480 billion until December, thwarting a possible default and the associated financial crisis and likely recession. 

The blue chip rose over 300 points, or 1%, the broad-based advanced 0.8% and the tech-heavy climbed 1.1%. All three indices are on course to finish the week higher.

The main focus Friday will be the official job report for September, due at 8:30 AM ET (1230 GMT), with investors using the strength of the labor market as a barometer for the state of the economic recovery, and thus a guide on whether the Federal Reserve feels comfortable in starting the tapering of its bond-buying program this year, as expected.

are expected to rise 500,000 in September, a jump from after the