Stock Futures Waver Ahead of U.S. Jobs Report

New York (Nov 4)  Stock futures wavered on Friday morning as Wall Street awaits the release of the October U.S. jobs report.

S&P 500 futures were flat, Dow Jones Industrial Average futures slipped 0.07%, and Nasdaq futures fell 0.04%.

Economists anticipate 171,000 jobs to have been added to nonfarm payrolls in October, accelerating from 156,000 in September. The unemployment rate is expected to dip to 4.9% from 5%, while average hourly earnings are predicted to climb to 0.3% from 0.2%. The nonfarm payrolls reports is expected to be released at 8:30 a.m. EDT.

The markets may be unpredictable, but Jim Cramer can show you how to navigate it like a pro. Follow his blue-chip portfolio of stocks at Action Alerts PLUS. Join today and try it for 14 days—FREE!

Elsewhere on Friday's economic calendar: International trade for September will be released before the bell and the weekly rig count from Baker Hughes is set for early afternoon. Atlanta Fed President Dennis Lockhart will give a speech to the National Association of Realtors in Orlando, Dallas Fed President Rob Kaplan will attend the Association of Banks of Mexico forum in Mexico City, and Fed Vice Chairman Stanley Fischer will discuss monetary policy at the International Monetary Fund.

Starbucks (SBUX)  climbed more than 1% in premarket trading after topping quarterly estimates on its top- and bottom-lines. The coffee chain earned 56 cents a share, a penny over expectations. Revenue jumped 16.3% to $5.71 billion, besting consensus by $30 million.

Starbucks said overall same-store sales in the quarter rose 4% for the second straight three-month period, but came in below Wall Street estimates for a 4.8% increase. Starbucks also boosted its quarterly dividend by 25% to 25 cents a share.

Source: TheStreet