U.S. stock index futures rose on Friday, a day after equities slumped on hawkish remarks from Federal Reserve officials on interest rate cuts.
Job growth totaled 303,000 in March, better than expected, and unemployment was 3.8%.
Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%, according to Dow Jones estimates.
Market Snapshot
At 8:40 a.m. ET, Dow e-minis were up 134 points, or 0.34%, S&P 500 e-minis were up 25 points, or 0.48% and Nasdaq 100 e-minis were up 107.75 points, or 0.60%.
Pre-Market Movers
Most megacap growth stocks edged up in premarket trading, with Tesla, Nvidia and Amazon.com up between 0.5% and 0.7%.
Krispy Kreme gained 4.4% in premarket trading after Piper Sandler upgraded the doughnut chain to 'overweight' from 'neutral.'
Advanced Micro Devices rose 1.6%, rebounding from an over 8% fall on Thursday.
Candel Therapeutics shares were up 26.88%, to $8.12, after the company said it saw positive interim data from a phase 2 clinical trial of CAN-2409 in non-metastatic pancreatic cancer. Shares of Candel Therapeutics surged 280% on Thursday.
Sigma Lithium's stock jumped 2.9% in premarket trading. Chief executive said she won't sell the miner at current lithium price levels and is concentrating on its near-term expansion plans.
HubSpot was up 1% after the stock jumped 5% on Thursday following a report from Reuters that said Alphabet has been talking to its advisers about making an offer for the marketing software company.
Johnson & Johnson has agreed to acquire Shockwave Medical for $335.00 per share in cash, indicating roughly $13.1B in enterprise value for the cardiovascular device maker, the companies announced Friday. JNJ and SWAV traded marginally higher after the announcement, which followed recent media reports about the pending transaction.
Market News
Apple Cut at Least 600 Workers When Car, Screen Projects Stopped
Apple Inc. laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department.
The Cupertino, California-based company filed eight separate reports to the state to comply with the Worker Adjustment and Retraining Notification, or WARN program. Companies must file a report to the state agency for each California address that includes employees affected by a layoff.
Disney to Start Cracking Down on Password-Sharing From June
Walt Disney's streaming service will start cracking down on password-sharing from June, CEO Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable.
Iger also signaled a need for consolidation in the streaming industry and said Disney was "eventually" looking at double-digit margins for the business.
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