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US stock futures hold higher despite disappointing jobs data

As new month opens, futures point to further gains

U.S. stock index futures rose on Friday despite the release of a disappointing jobs report. 

Dow Jones industrial average futures rose 67 points, while S&P 500 and Nasdaq 100 futures gained 7.25 points and 26.25 points, respectively.

The U.S. economy added 156,000 jobs in August. Economists polled by Reuters expected 180,000 jobs to have been added last month.

In addition to missing estimates, previous months' job totals also were cut. June was revised down from 231,000 to 210,000 while July fell from the initially reported 209,000 to 189,000, the Bureau of Labor Statistics said.

Michael Nagle | Bloomberg | Getty Images

Investors were closely watching out for the report as they looked for clues about the Federal Reserve's next monetary policy move.

Following on from the latest jobs numbers, investors will then be turning their attention to manufacturing PMI and manufacturing ISM report on business, due out at 9:45 a.m. ET and 10 a.m. ET respectively.

Consumer sentiment and construction spending will also come out at 10 a.m. ET.

Sticking with the U.S., the repercussions of Hurricane Harvey continues to leave its mark on markets, with investors wondering how much damage the natural disaster will have on the economy and sectors like energy and insurance.

Oil prices slipped into the red on Friday, with U.S. crude hovering around $47.14 per barrel at 8:36 a.m. ET, while Brent last stood around $52.68.

Meanwhile, politics will be at the back of investors' minds, after markets showed signs of turbulence earlier this week on the back of tensions brewing in North Korea.

While concerns around geopolitics appear to have subsided in recent sessions, investors will still be on edge in case of any fresh news that emerges. Friday will also mark the start of the U.S. State Department's ban on US passport holders travel to North Korea.

Overseas, European stocks were trading higher, while markets in Asia closed on a relatively positive note following strong data out of China. In the previous session, U.S. stocks closed in the black.

No major earnings are set to be released on Friday.

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