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US Stock Futures Gain Ahead of Jobless Data

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U.S. equities futures were slightly higher Friday as markets waited for the monthly report on the employment situation.

At 8:30 a.m. E.T. the September employment report is expected to show and increase in non-farm payrolls to 203,000 from 173,000 in August with the consensus range between 180,000 and 235,000, according to data compiled by Econoday. The unemployment rate is expected to remain at 5.1%, in the consensus range between 5.0% and 5.2%.

The day will also bring remarks from several Federal Reserve speakers including Federal Open Market Committee member Stanley Fischer as well as alternate FOMC members Boston Fed President Eric Rosengren, Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard.

At 10:00 a.m., data are expected to show a 1.3% decline in August factory orders from July, when it rose 0.4%. The consensus range is between a 2.4% decline and a 1.0% increase.

In equities, Micron Technology ( MU ) was higher nearly 5% after late Thursday reporting better-than-expected revenue, even as it fell 15% from a year ago. Capstone Turbine ( CPST ) shares were down 21% in recent pre-market trade after warning that continued headwinds in the oil and gas market and a strong U.S. dollar delayed orders and shipments in the quarter.

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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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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