Ahead of that, focus will turn to the Baker Hughes’ rig count data later Friday. The number of active rigs has picked up somewhat in recent months but remains nowhere near the level analysts say is necessary to generate a meaningful rise in output.
By Geoffrey Smith
U.S. stocks are seen opening mixed Friday, in cautious trading after the previous session’s sharp sell-off, ahead of the closely watched monthly employment report. At 7:30 AM ET (1230 GMT), the Dow Futures contract was up 30 points, or 0.1%, S&P 500 Futures traded 42points, or 0.1%, higher, while Nasdaq 100 Futures dropped 20 points, or 0.2%. Wall Street closed sharply lower Thursday, with the tech-heavy Nasdaq Composite falling 2.1%, erasing its gains for the year and dropping into correction territory from its February high.