Payrolls report ahead, Apple earnings - what's moving markets

investing.com:

Investing.com -- U.S. futures were mixed on Friday prior to a much-anticipated payrolls report, while traders pour through financial results from tech giant Apple (NASDAQ:AAPL). Elsewhere, FTX founder Sam Bankman-Fried is convicted of stealing billions of dollars from customers, capping a shocking fall from grace for the man who was once considered to be the face of the crypto industry.

1. Futures mixed ahead of fresh jobs report

U.S. stock futures were mixed on Friday as investors awaited the release of a closely-watched labor market report and digested earnings from Apple.

By 05:56 ET (09:56 GMT), the Dow futures contract was mostly unchanged, S&P 500 futures dipped by 8 points or 0.2%, and Nasdaq 100 futures lost 54 points or 0.4%.

The main indices on Wall Street are coming off of strong gains in the prior session that were fueled by the Federal Reserve's decision to leave interest rates unchanged for a second straight meeting on Wednesday. Similar moves by policymakers at the Bank of England and in Norway also buoyed renewed hopes that an era of unprecedented monetary tightening may be coming to an end, providing a further lift to equities.

The 30-stock Dow Jones Industrial Average climbed 1.7%, while the benchmark S&P 500 and tech-heavy Nasdaq Composite jumped by 1.9% and 1.8%, respectively.

American government bonds, which have been hit in recent weeks by a prolonged sell-off, also rallied, with the 10-year U.S. Treasury yield seeing its biggest two-day fall since a banking sector crisis in March. Prices typically rise as yields decline.

2. Payrolls data looms

Attention now turns to the publication of the key nonfarm payrolls data for October due later in the day.

Economists predict that the U.S. economy added