By Fred Imbert, CNBC–
U.S. stock index futures indicated a slightly lower open on Wall Street Friday morning.
Around 6:20 a.m. ET, Dow futures indicated a drop of about 60 points at the open. S&P 500 and Nasdaq futures traded slightly lower as well.
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.
“Nonfarm payrolls likely increased by 135,000 in September, after growing by 130,000 in August. Initial jobless claims remained very low (at 208,000) in the week of the jobs report survey, suggesting job gains were sufficient to prevent unemployment from rising,” Unicredit said in a note Friday morning.
Investors will also be watching speeches by Federal Reserve officials later in the day. Boston Fed President Eric Rosengren is speaking at 8:30 a.m. ET.