U.S. stock index futures indicated a slightly lower open on Wall Street Friday morning.
Around 5 a.m. ET, Dow futures indicated a drop of more than 50 points at the open. S&P 500 and Nasdaq futures traded slightly lower as well.
Wall Street closed higher after two days of intense sell-off. The recovery came off the back of growing expectations that the Federal Reserve will cut rates later this month.
To better understand the prospects of another rate cut, traders are waiting for the latest monthly U.S. jobs report. Nonfarm payrolls will be published at 8:30 a.m. ET, alongside new unemployment data and average hourly wage numbers.
Source : CNBC