Stock market futures rose Friday ahead of a key jobs report that is expected to shed light on the health of the U.S. economy. S&P 500 futures added 0.3%. Futures linked to the Dow Jones Industrial Average climbed 92 points, or 0.2%. Nasdaq-100 futures advanced 0.4%. The May nonfarm payrolls report is due out before the opening bell on Friday. Economists expect growth of 125,000 jobs, according to Dow Jones, which would represent a decline from the prior month but likely not enough of one to cause a surge in recession fears. Some recent economic data has pointed to a slowdown in the U.S., raising questions about the impact of the multi-front tariff negotiations and the next steps for the Federal Reserve. “The Federal Reserve is navigating a narrow path. While they expect the economy to soften, persistent trade uncertainty is ripe ground for monetary policy missteps. … With both large and small businesses indicating that they plan to hold onto their workers and ride out the tariff storm, only a modest weakening in the jobs market is likely, further reducing the urgency for Fed support,” said Seema Shah, chief global strategist at Principal Asset Management. The move in futures comes as the major indexes are holding on to modest gains for the week. The S&P 500 and Dow are up 0.5% and 0.1%, respectively, week to date, while the Nasdaq Composite is up nearly 1%. On Thursday, the S&P 500 fell 0.5% and the Nasdaq Composite slid 0.8%. Those indexes were weighed down by Tesla, which tumbled 14% as CEO Elon Musk sparred with President Donald Trump on social media. The Dow, which does not include Tesla, was off by 108 points, or less than 0.3%. Earnings reports could also be a key theme on Friday. Broadcom, Lululemon and Docusign all moved lower in extended trading after releasing their quarterly reports. Treasury yields eased Friday, as investors eagerly await May’s nonfarm payrolls report for a health-check on the U.S. economy. The 10-year Treasury yield moved 1 basis point lower to 4.379%. The 2-year yield was near-flat at 3.91%, while the 30-year bond yield was down 1 basis point at 4.87%. Asia-Pacific markets traded mixed as investors assessed the phone call between U.S. President Donald Trump and Chinese President Xi Jinping. Trump and Xi spoke on Thursday and agreed that officials from the U.S. and China will meet soon to continue negotiations aimed at ending the ongoing trade war. Japan’s benchmark Nikkei 225 rose 0.5% to close at 37,741.61 and the Topix gained 0.47% to close at 2,769.33. Australia’s S&P/ASX 200 was 0.27% lower to end the trading day at 8,515.7. Hong Kong’s Hang Seng Index slipped 0.51%, while mainland China’s CSI 300 traded flat to close at 3,873.98. India’s Nifty 50 climbed 0.96% after the country’s central bank delivered an outsized cut to its benchmark policy rate to 5.5% from 6%. This also marks a third straight rate cut since February, and comes below the median estimates of 5.75% in a Reuters poll. South Korea markets are closed for a holiday. Oil prices rose on Friday and were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world’s two largest economies. Brent crude futures climbed 11 cents, or 0.2%, to $65.45 a barrel. U.S. West Texas Intermediate crude advanced 9 cents, or 0.6%, to $63.43. On a weekly basis, both benchmarks were on track to settle higher after falling for two straight weeks. Brent has advanced 2.4% this week, while WTI is trading 4.3% higher. Gold firmed on Friday, and was poised for a weekly rise after U.S. data this week boosted interest rate cut hopes by the Federal Reserve, while silver hit a more than 13-year high. Spot gold was up 0.4% at $3,367.45 an ounce. Bullion has gained 2.4% for the week so far. U.S. gold futures climbed 0.5% to $3,390.70.