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US stock futures edged higher on Friday as Wall Street readied for the crucial monthly jobs report amid market uncertainty driven by President Donald Trump’s volatile trade policy.
Dow Jones Industrial Average futures (YM=F) rose roughly 0.2%, while S&P 500 futures (ES=F) put on about 0.3%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) added 0.4% after closing in correction territory on Thursday.
Stakes are high for February’s job report later on Friday, as stocks flounder amid fears of weakening economic growth. Downbeat economic data has boosted bets on interest-rate cuts this year, setting investors on watch for signs of strain in the nonfarm-payrolls report. It’s expected to show hiring picked up, while the employment rate held steady when it’s released at 8:30 a.m. ET.
CBOT – Delayed Quote USD
As of 4:12:29 AM EST. Market Open.
YM=F ES=F NQ=F
Trade-war worries are also keeping markets on edge. Trump paused tariffs on most goods from Mexico and Canada until April, but the news didn’t provide any relief for stocks on Thursday. Canada said responded with a matching delay in its second wave of retaliatory duties, while Mexico has yet to react. However, Mexico has begun reviewing its China tariffs, which could prove a win with Trump.
Read more: Trump pauses tariffs on most imports from Mexico, Canada
Broadcom’s stock (AVGO) rose in premarket after the US chipmaker issued a strong second quarter forecast, seen as a positive sign for AI demand.
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Trump establishes strategic bitcoin reserve signed order
White House crypto czar David Sacks said in a post on X that U.S. President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve.
The reserve will be initially funded with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. The US government is estimated to own around 200,000 bitcoin, with a full audit of its holdings mandated.
David Sacks tweet:
