Dow Futures Fall, Oil Rises, as Investors Await Jobs Numbers

Al Root Morning Movers Markets HA JPM OXY SLB TSLA WFC XOM J.P. Morgan Chase Dow Futures Fall Exxon Mobil Exxon Mobil Hawaiian Holdings Wells Fargo Wells Fargo Occidental Petroleum Oil Rises Schlumberger Schlumberger Tesla North America United States Financial Performance Share Price Movement/Disruptions Corporate/Industrial News Political/General News Respiratory Tract Diseases Health Medical Conditions Novel Coronaviruses Infectious Diseases Equity Markets Derivative Securities Commodity/Financial Market News Content Types Factiva Filters C&E Exclusion Filter C&E Industry News Filter HA JPM N/CNW N/DJN N/DRV N/GEN N/HLT N/MKT N/NWS N/PFM N/STK N/WER OXY R/NME R/US SLB WFC XOM Barrons.com Barrons Blogs Wires DJIA Dow Jones Industrial Average FTSE 100 Index Hang Seng Index HK:HSI Nasdaq Composite S&P 500 SPX UK:UKX CODES_REVIEWED Keep Forever Markets Morning Movers author Al Root author|Al Root topicid 8578 name Al Root extractedtext Al Root rank 1 codetype author code al_root nameformat surname_first author Al Root id Al Root barrons_display_brand BARMORMOV barrons_display_brand|BARMORMOV codetype BARRONS_DISPLAY_BRAND canbedisplaybrand true value BARMORMOV source MANUAL status modified name Morning Movers code BARMORMOV barrons_display_subject BARMKTS barrons_display_subject|BARMKTS codetype BARRONS_DISPLAY_SUBJECT canbedisplaysubject true value BARMKTS source MANUAL status modified name Markets code BARMKTS co exxn co|exxn country US symbol XOM displayname Exxon Mobil why occur extractedtext Exxon Mobil source FACTIVA seoname exxon_mobil countrycode US relevancerange low chartingsymbol STOCK/US/XNYS/XOM fcode exxn fullextractedtext Exxon Mobil ticker XOM confidence 100 subcat com relevance 28 significance prominent name Exxon Mobil confidencerange high exchange NYSE exchangeisocode XNYS codetype co code exxn status modified onlinesignificance prominent co nwbc co|nwbc country US symbol WFC displayname Wells Fargo why occur extractedtext Wells Fargo source FACTIVA seoname wells_fargo countrycode US relevancerange low chartingsymbol STOCK/US/XNYS/WFC fcode nwbc fullextractedtext Wells Fargo ticker WFC confidence 100 subcat com relevance 26 significance prominent name Wells Fargo confidencerange high exchange NYSE exchangeisocode XNYS codetype co code nwbc status modified onlinesignificance prominent co slumb co|slumb country US symbol SLB displayname Schlumberger why occur extractedtext Schlumberger source FACTIVA seoname schlumberger countrycode US relevancerange low chartingsymbol STOCK/US/XNYS/SLB fcode slumb fullextractedtext Schlumberger ticker SLB confidence 93 subcat com relevance 26 significance passing name Schlumberger confidencerange high exchange NYSE exchangeisocode XNYS codetype co code slumb onlinesignificance passing-mention co Dow Futures Fall co|Dow Futures Fall fullextractedtext Dow Futures Fall displayname Dow Futures Fall name Dow Futures Fall extractedtext Dow Futures Fall source FACTIVA subcat com codetype co code dow_futures_fall co Oil Rises co|Oil Rises fullextractedtext Oil Rises displayname Oil Rises name Oil Rises extractedtext Oil Rises source FACTIVA subcat com codetype co code oil_rises co TESLMI co|TESLMI symbol TSLA country US codetype co displayname Tesla extractedtext Tesla source MANUAL code tsla name Tesla significance prominent exchange U.S.: Nasdaq exchangeisocode XNAS chartingsymbol STOCK/US/XNAS/TSLA fcode TESLMI status modified onlinesignificance prominent co OCCID co|OCCID symbol OXY country US codetype co displayname Occidental Petroleum extractedtext Occidental Petroleum source MANUAL code oxy name Occidental Petroleum significance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/OXY fcode OCCID status modified onlinesignificance prominent co EXXN co|EXXN symbol XOM country US codetype co displayname Exxon Mobil extractedtext Exxon Mobil source MANUAL code xom name Exxon Mobil significance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/XOM fcode EXXN status modified onlinesignificance passing-mention co SLUMB co|SLUMB symbol SLB country US codetype co displayname Schlumberger extractedtext Schlumberger source MANUAL code slb name Schlumberger significance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/SLB fcode SLUMB status modified onlinesignificance passing-mention co CNYC co|CNYC symbol JPM country US codetype co displayname JPMorgan Chase & extractedtext J.P. 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inactivebydefault true code FREEFOREVER subject BARMKTS subject|BARMKTS ruleid BARMKTS codetype SUBJECT value BARMKTS selectable true canbedisplaysubject true name Markets title Markets status modified code BARMKTS subject BARMORMOV subject|BARMORMOV ruleid BARMORMOV codetype SUBJECT value BARMORMOV canbedisplaybrand true name Morning Movers title Morning Movers status modified code BARMORMOV wordcount 412 wordcount|412 id facebook id|facebook news_tab_url https://www.barrons.com/articles/stocks-moving-premarket-tesla-occidental-petroleum-exxon-mobil-51585914451 Dow Futures Fall, Oil Rises, as Investors Await Jobs Numbers Dow Futures Fall, Oil Rises, as Investors Await Jobs Numbers Stocks Moving Premarket: Tesla, Occidental Petroleum, Exxon Mobil

Investors appear cautious before the employment report, due at 8:30 a.m.

Dow Futures Fall, Oil Rises, as Investors Await Jobs Numbers

Investors appear cautious before the employment report, due at 8:30 a.m.

https://www.barrons.com/articles/fridays-jobs-report-will-be-ugly-the-ugliest-is-yet-to-come-51585749148 https://www.barrons.com/articles/global-covid-19-cases-cross-the-1-million-threshold-51585852632 https://www.barrons.com/articles/tesla-stock-deliveries-better-than-expected-51585860968 https://www.barrons.com/articles/oil-prices-trump-tweet-saudi-crown-prince-russia-putin-51585840278 https://www.barrons.com/articles/the-senate-passed-its-2-trillion-relief-bill-what-happens-next-51585235939 https://www.barrons.com/articles/what-an-hawaiian-family-vacation-is-like-in-the-middle-of-an-epidemic-51585404143 https://www.barrons.com/articles/airline-stocks-are-getting-hammered-and-the-worst-is-yet-to-come-51585756302 mailto:allen.root@dowjones.com Dow Futures Fall, Oil Rises, as Investors Await Jobs Numbers By Al Root

All eyes will be on the U.S. jobs number reported at 8:30 a.m. Eastern time. Economists foresee a drop in the number of people employed, although the data isn’t expected to capture the full impact of the Covid-19 outbreak.

Investors appear cautious. U.S. stock futures were lower, giving back some of Thursday’s gains. Dow Jones Industrial Average futures are down 1.3%. S&P 500 and Nasdaq Composite futures both fell 1.2%.

Overseas, stocks are mostly in the red. Hong Kong’s Hang Seng Index, for instance, closed 0.2% lower. Europe’s FTSE 100 Index is off 1.2%.

The coronavirus still dictates much stock-market trading action, but some stocks and sectors are trading based on different news.

Tesla (ticker: TSLA) shares are up 13.1% in premarket trading. First-quarter deliveries—released Thursday after the close of trading—beat Wall Street expectations.

And oil prices continue their climb. Benchmark crude-oil prices jumped between 21% and 25% Thursday on hopes for an end to the Saudi-Russian market-share war. Prices are up another 6% to 10% Friday morning, sending shares of energy producers up again in premarket trading.

Occidental Petroleum (OXY) stock, for instance, is up 7.4%. Shares rose 18.7% Thursday. Exxon Mobil (XOM) stock is up 1.6% after rising 7.6% Thursday. Stock in energy-services provider Schlumberger (SLB) is up 4.5% after rising 10.1% Thursday.

Bank stocks are trading lower. The $350 billion small-business loan program—part of the government’s $2 trillion stimulus package passed last week—begins Friday. Loans are forgivable if businesses use the cash for approved purposes. Banks aren’t on the hook for forgiven loans, but difficulty in administering the program might be one reason for investor unease.

JPMorgan Chase (JPM) stock, for instance, is down 1.5% in premarket trading. Wells Fargo (WFC) shares are off 2.4%.

Finally, stock in Hawaiian Airlines parent company Hawaiian Holdings (HA) shares are up 10% in premarket trading after brokerage firm Stifel upgraded shares from the equivalent of Sell to Hold.

All airline stocks have been battered by the virus. Hawaiian is no exception. Its stock is off about 67% year to date.

Write to Al Root at allen.root@dowjones.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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