Wall Street futures pointed moderately higher pre-bell Friday, as traders assessed values after Thursday's steep reverses. Blue chip and index heavyweight Amazon (AMZN) traded up 6.6% pre-bell after the e-commerce colossus reported earnings and revenue above outlooks late Thursday. Investors also await the October employment situation bulletin from Washington, slated for an 8:30 am ET release.
Pundits project a net new 125,000 jobs in the month and hourly earnings up 4% on year. In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.4% and the Dow Jones was up 0.3%. Asian exchanges traded mostly lower overnight on Wall Street cues, while European bourses tracked moderately higher midday on the continent. In earnings, Chevron (CVX) traded up 2.2% pre-bell after the oil giant reported Q3 adjusted earnings and revenue down on year, but topped expectations of analysts polled by Capital IQ. Exxon Mobil (XOM) traded up 1.3% pre-bell after the integrated oil titan reported Q3 earnings down on year but in line with the Street expectations.
Revenue slipped, but topped outlooks. LyondellBasell Industries (LYB) traded down 2.7% pre-bell after the chemical company reported Q3 earnings and revenue down on year and below outlooks. On the economic calendar, in addition to the employment report, is the S&P Global US PMI manufacturing final report for October at 9:45 am ET. The ISM manufacturing index final report for October, and the construction spending for September bulletin, post at 10 am. The weekly Baker Hughes oil-and-gas domestic rig count posts at 1 pm. Dallas Federal Reserve President Lorie Logan speaks at 9:45 am. In premarket action, Bitcoin traded at $69,868, West Texas Intermediate crude oil traded higher at $70.67, and 10-year US Treasuries offered 4.30%.
Spot gold traded for $2,747 an ounce..