US futures extend gains, key jobs data in focus

Friday, 04. November 2022 13:23

Major stock markets on Wall Street recorded gains ahead of the last session of the week as investors awaited the October nonfarm payrolls data, which could hint at future policy decisions by the Federal Reserve.

In business news, Amazon decided to pause corporate hiring in the coming months due to macroeconomic uncertainty in the United States, while Twitter was expected to start laying off its employees today as part of its restructuring plans pushed by the platform's new owner Elon Musk.

Starbucks, PayPal and Coinbase made significant positive movements during premarket trading on Friday following last evening's third-quarter results, while on the other hand, the shares of Warner Bros Discovery declined on underperforming earnings.

The Dow Jones gained 0.45% or 144 points at 8:21 am ET, while the Nasdaq 100 rose 0.59% and the S&P 500 rose 0.58% at the same time. The euro rose 0.42% against the dollar, hovering around $0.98.

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