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Stock futures were mixed early Friday as traders looked ahead to August’s big payrolls report.
Futures for the Dow Jones Industrials fell 61 points, or 0.1%, to 53,684.
Futures for the S&P 500 handed over four points, or 0.1%, to 7,758.75.
Futures for the NASDAQ Composite leaped 137.75 points, or 0.5%, to 29,659.
The 30-stock Dow gained more than 600 points, or 1.2%, and posted its best day since Aug. 4. The S&P 500 climbed more than 1%, while the NASDAQ Composite advanced 1.4%.
Stocks are on pace for a winning week. The S&P 500 is on track for a 0.5% advance, while the NASDAQ is on pace for a 0.7% gain. The Dow is heading for a 0.2% jump.
Shares of Lululemon Athletica tanked 18% after the company posted a glum forecast for the current quarter.
Lululemon called for earnings in a range of 93 cents to 98 cents per share on revenue of $2.29 billion to $2.32 billion. Analysts were looking for $2.40 per share and $2.53 billion.
U.S. stocks caught a tailwind as Treasury yields pulled back after Federal Reserve Governor Christopher Waller said he would be “inclined” to support holding rates at their current target range of 3.5% to 3.75% at the central bank’s Sept. 15-16 meeting.
Traders have their eyes on the next market catalyst this week: August’s jobs report, due Friday morning. Economists polled by Dow Jones expect 53,000 nonfarm payrolls were added last month, and they expect the unemployment rate to be 4.1%. This compares to a loss of 23,000 jobs in July.
In Japan, the Nikkei 225 index soared 1.3% Friday, while in Hong Kong, the Hang Seng jumped 1.7%.
Oil prices eased 61 cents to $90.69 U.S. a barrel.
Gold prices slid $25.50 to $4,514.40 U.S an ounce.
