US futures rise up to 0.6% as oil falls, but stocks face weekly losses

  • US stock futures advanced Friday as falling oil prices supported broader market sentiment.
  • 0.6% was the gain in Nasdaq 100 futures, while Dow futures rose nearly 180 points.
  • Investors awaited the September jobs report as markets shifted rate-hike expectations toward December.

US stock futures moved higher Friday as falling oil prices eased inflation concerns and pushed Treasury yields lower after their sharp rise earlier in the week. S&P 500 futures gained 0.4%, Nasdaq 100 futures rose 0.6% and Dow Jones futures climbed nearly 180 points. Investors are awaiting the September jobs report for further evidence on labor-market conditions and the outlook for Federal Reserve policy. Markets continue to price in another rate increase this year, although the probability of a move at the October meeting is around 24%, with expectations shifting toward December. Major companies also traded higher before the market opened, led by 1.2% gains in Nvidia and Broadcom. Despite Friday’s advance, the three major U.S. stock indexes remain on track for weekly declines: the S&P 500 is down 1.2%, the Dow 1.8% and the Nasdaq 0.8%.

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