US Markets

US stock futures rise after jobs report beats estimates

Stocks could end the week higher

U.S. stock index futures pointed to a higher open on Friday after the November jobs report showed better-than-expected growth.

Dow Jones industrial average futures rose 65 points, while S&P 500 and Nasdaq 100 futures gained 8 points and 38.25 points, respectively.

The U.S. economy added 228,000 jobs last month, according to the Bureau of Labor Statistics. Economists polled by Reuters expected a gain of 200,000.

Other data set for release Friday include consumer sentiment and wholesale trade figures due out at 10 a.m. ET.

In the previous session, U.S. equities finished the trading day on a positive note, boosted by a rise in technology stocks. Looking overseas, Asia finished trade higher following upbeat trade data from China, while European stocks rose following developments surrounding Brexit negotiations.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York.
Michael Nagle | Bloomberg | Getty Images

On Friday morning, the European Union and Britain jointly announced that they had finally agreed upon three key issues that were obstructing Brexit talks from developing — issues surrounding citizens' rights, the Irish border and the U.K.'s economic settlement to the EU have now been resolved.

The overhaul in the U.S. tax system continues to linger at the back of investors' minds, with markets awaiting any developments surrounding the topic. On Thursday, Congress moved swiftly to deliver a short-term funding bill to President Donald Trump, in order to avoid a government shutdown this weekend.

Concerns surrounding the state of the current U.S. administration continue to weigh on sentiment, with news emerging that Trump's approval rating has dropped to a new low of 32 percent, the lowest level since the incumbent took office earlier this year, a poll by Pew Research Center revealed.

No major earnings are set to be published Friday.