Stock index futures jumped Friday after a government report showed much fewer-than-expected jobs were lost in November, reinforcing hopes of a recovery.
S&P 500 futures rose 14.40 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures gained 111 points, while Nasdaq 100 futures jumped 24 points.
US employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.
One other economic number on the agenda is the government release of October factory orders at 10 am. Consensus forecasts call for a rise of 0.2 percent following September's 0.9 percent advance.
Investors also have two Fed appearances Friday following Thursday's long Fed Chief Ben Bernanke's confirmation hearing. Philadelphia Federal Reserve President Charles Plosser will speak on the financial crisis and the economy in an appearance in Philadelphia at 10 am, while his St. Louis Fed colleague James Bullard appears on a financial crisis panel at that same event at 1:15 pm.
Fedex could be a stock to watch as the company announces it's raising 2010 rates by 4.9 percent.
Toyota Motor says its earnings may not recover as fast as expected because of a still-weak U.S. economy and a rising yen.
Bank of America raised almost $19.3 billion late Thursday in a share sale that helps raise the money to pay back $45 billion in government TARP funds.
Videogame maker Take-Two Interactive saw a 21 percent after-hours tumble after saying slow sales of its games would cause a profit shortfall.