Update: US Equity Futures Higher Pre-Bell as Traders Monitor Oil Prices, Assess September Jobs Report

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)

US equity futures were higher pre-bell Friday as traders observed oil prices declining and evaluated the jobs report for September.

Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.1% higher.

The US is urging European countries to release diesel supplies with haste, according to a post on X by Treasury Secretary Scott Bessent. "American farmers, truckers, and businesses should not be left carrying the burden of a global diesel shortage," Bessent said.

President Donald Trump is still considering banning diesel exports as a way to manage high energy prices, multiple media outlets reported.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.7% at $99.56 per barrel and US West Texas Intermediate crude 3.7% lower at $89.41 per barrel.

The September national unemployment rate was reported at 4.2%, up from 4.1% in the prior month and above expectations of 4.1% according to estimates compiled by Bloomberg. Nonfarm payrolls rose by 29,000, well below the 90,000 jobs increase expected in a Bloomberg survey.

August factory orders, due at 10 am ET, are expected to have gained 0.2%, compared with an increase of 0.9% previously.

Federal Reserve Dallas President Lorie Logan is slated to speak on Friday.

In other world markets, Japan's Nikkei closed 0.9% lower, and Hong Kong's Hang Seng ended 2.6% lower. China's Shanghai Composite was closed for a public holiday. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 1.1% higher in Europe's early afternoon session.

In equities, Broadcom (AVGO) shares were up 1.8% after a Bloomberg report that the company's financiers will soon seek $60 billion in borrowings to help fund access to chips by AI modelers and others. Moderna (MRNA) stock was 0.5% higher after Nasdaq said the company will join the Nasdaq-100 Index effective prior to market open on Oct. 9. Vylor (VYLR) shares rose 4.2% after S&P Dow Jones Indices said the company was added to the S&P 500 Index Thursday following its spinoff by Corteva (CTVA).

On the losing side, Nike (NKE) stock was down 7.9% after the company reported late Thursday lower fiscal Q1 earnings and revenue. Multiple financial firms also downgraded the company's stock.