U.S. stock index futures were higher on Friday morning, as market participants await key data.
Previous comments by the Federal Reserve sent rates higher, which is traditionally negative for equities.At around 02:00 a.m. ET, Dow futures rose 43 points, indicating a positive open of about 28 points. Futures on the S&P and Nasdaq were both slightly higher.
Wall Street closed lower on Thursday as interest rates moved higher in the bond markets. Previous comments by the Federal Reserve sent rates higher, which is traditionally negative for equities. Nonetheless, Friday's session will be focused on important data releases. These include nonfarm payrolls, unemployment data and average hourly wages due out 8:30 a.m. ET. There will also be services PMIs at 9:45 a.m. ET.Investors are also monitoring different speeches from Federal Reserve representatives. Chicago Fed President Charles Evans will speak at 10:15 a.m. ET and Fed Vice Chair Richard Clarida will address an audience at 11:30 a.m. ET.
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