U.S. stock futures rose on Friday following a better-than-expected April’s jobs report and as traders eyed developments between the U.S. and Iran. Futures tied to the Dow Jones Industrial Average rose 181 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures were up about 0.6% and 0.9%, respectively. The broader market’s rise was supported by a rise in chip stocks such as Micron Technology and Qualcomm
. Micron shares were up almost 4%, while Qualcomm popped 6%, positioning the stock for a fourth consecutive day of gains. The Bureau of Labor Statistics reported that nonfarm payrolls rose by 115,000 last month, more than the 55,000 that economists polled by Dow Jones were expecting. The U.S. jobless rate also held steady at 4.3%, in line with expectations. In a Truth Social post Thursday night, President Donald Trump said there was “no damage done to the three destroyers, but great damage done to the Iranian attackers.” He also reportedly said that the ceasefire is still in effect, saying the strikes against Iranian targets were “just a love tap.” Meanwhile, Secretary of State Marco Rubio told reporters Friday that the U.S. “should know something today” regarding a response from Iran on the peace proposal. That comes after Iranian state media reported Thursday that Iran was reviewing messages from the U.S. that were received through Pakistani mediators but had not yet reached a conclusion. The S&P 500 and Nasdaq Composite hit fresh record highs in the previous session before retreating as investors continued to monitor the latest developments in the Middle East. A senior Iranian official said that the country would not allow the U.S. to reopen the Strait of Hormuz passageway with an “unrealistic plan,” Iran’s state-owned Press TV reported Thursday. The official added that Iran would not let the U.S. leave the conflict without paying reparations for the damage it has inflicted. Stocks have been boosted higher in recent sessions by a strong earnings season, with all three major averages expected to end the week higher. Upbeat tech earnings have put the Nasdaq on pace to climb 2.8% on the week. The S&P 500 is on track for a rise of 1.5%, while the Dow Jones has lagged with a week-to-date gain of just 0.2%. Going forward, PNC Asset Management chief investment strategist Yung-Yu Ma expects earnings momentum to continue. “It is important to note that the gains are very broad-based,” he said on CNBC’s “The Exchange” on Thursday afternoon. “If you look out to Q2, Q3, and Q4, the market and analysts are still expecting about 20% or higher earnings growth on a year-over-year basis in those subsequent quarters. So we’re not seeing the momentum expected to let up. There is dispersion, for sure, but the momentum is going to be quite strong here.” Treasury yields edged lower Friday even after a solid jobs report as investors continued to monitor developments between the U.S. and Iran. The 10-year Treasury yield—the benchmark for mortgage lending, auto loans, and credit card debt—fell by 2 basis points, reaching 4.37%. The yield on the 2-year Treasury note — which moves alongside expectations for short-term Federal Reserve interest rate policy — slipped 2 basis points to 3.90%. The longer-dated 30-year Treasury yield shed more than 1 basis point, falling to 4.96%. Asia-Pacific markets mostly traded lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid a fragile ceasefire. South Korea’s Kospi rose in choppy trade, ending Friday’s session 0.11% higher at 7,498, while the small-cap Kosdaq added 0.71% to 1,207.72. Japan’s Nikkei 225 slipped 0.19% to 62,713.65 amid some profit-taking after hitting a record high on Thursday. Toyota Motor fell 2.18% after it reported that its fourth-quarter operating profit had slumped 49%, weighed down by U.S. tariffs. Australia’s S&P/ASX 200 lost 1.51% at 8,744.40. Mainland China’s CSI 300 index was trading 0.58% lower at 4,871.91, while Hong Kong’s Hang Seng index last traded down 0.85% in the last hour of afternoon trade on Friday. India’s Nifty 50 declined 0.67%. Oil prices were little changed Friday, after President Donald Trump insisted the U.S. ceasefire with Iran remained in effect despite an exchange of fire in the Strait of Hormuz. International benchmark Brent crude futures added 45 cents to $100.51 per barrel. U.S. West Texas Intermediate futures rose 6 cents to $94.87. Brent and WTI both settled lower on Thursday, with each oil contract on track for weekly losses of more than 7%.