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Wall Street nervously awaits nonfarm payrolls

U.S. stock index futures pointed to a lower open on Friday, as Thursday's global market boom petered off ahead of the important U.S. nonfarm payrolls data.

"The FOMC is becoming increasingly confident in sustainable economic growth fuelled by a robust labor market. That confidence comes in for some scrutiny today with the release of the non-farm payrolls report," said Bank of Tokyo-Mitsubishi's Derek Halpenny in a research note on Friday.

Consensus forecasts suggest that 240,000 nonfarm jobs were created in December, down from 321,000 in November. However, the unemployment rate is seen falling to 5.7 percent from 5.8 percent.

Read MoreJobs report risks disappointing market

There will also be average hourly earnings readings on Friday, along with wholesale inventories and a speech by Richmond Federal Reserve President Jaffrey Lacker on the economic outlook.

The day will be a quieter one for earnings, with Acuity Brands one of the few companies posting numbers.

Stocks to watch include Macy's, after it announced on Thursday that it was closing more than a dozen stores and expected to take charges of up to $110 million relating to merchandising and marketing restructuring.