Jobs, Federal Reserve Views Boost Wall Street Pre-Bell; Asia, Europe Up

07:18 AM EDT, 09/05/2025 (MT Newswires) -- Wall Street futures pointed mostly higher pre-bell Friday, as traders anticipated another soft jobs report from Washington that could pave the way for a rate cut from the Federal Reserve at its policy meeting this month.

The August national employment situation bulletin from Washington is slated to post at 8:30 am ET, with pundits projecting a net 75,000 job gain. Earlier jobs reports this week, including the ADP national private sector payroll report released Thursday, have pointed to tepid job formation.

Interest rates mildly eased in morning hours, with 10-year US Treasures offering a 4.16% yield.

In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.5% and the Dow Jones was steady.

Asian exchanges traded higher overnight on anticipation of major central bank easing. European bourses tracked moderately north midday on the continent.

In morning trades, Broadcom (AVGO) rose 10% pre-bell after the semiconductor and software company posted better-than-expected fiscal Q3 results and issued upbeat guidance late Thursday.

In addition, Broadcom (AVGO) gained on media reports that Sam Altman's OpenAI will produce a custom AI accelerator chip with Broadcom (AVGO), slated for delivery in 2026.

On the economic calendar, in addition to the national jobs report, is the weekly Baker Hughes domestic oil and gas rig count at 1 pm.

In premarket action, Bitcoin traded at $112,339, West Texas Intermediate crude oil traded lower at $62.98. Spot gold traded for $3,551 an ounce.

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