Stock futures climbed to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report. Dow Jones Industrial Average futures climbed 219 points, or 0.5%. S&P 500 futures ticked up 0.5%. Futures tied to the Nasdaq 100 added 0.5%. Amazon rallied more than 5% as strength in the cloud and advertising businesses propelled the ecommerce giant above Wall Street’s earnings expectations. Intel soared more than 5% after exceeding analysts’ forecasts for revenue and offering strong guidance. The two stocks improved sentiment following some notable earnings disappointments this week. Meanwhile, the jobs report released on Friday showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. The unemployment rate, held at 4.1%, in line with estimates. However, traders were not reacting too much to the jobs figures, believing the dismal data was impacted by hurricanes and a Boeing strike. “Friday’s jobs report showed that the labor market decelerated quite significantly in October compared to September,” said Clark Bellin, president and chief investment officer at Bellwether Wealth. “But this was a noisy number largely due to hurricanes and labor strikes, so it’s unlikely that this weakness is going to cause the Federal Reserve to pivot away from its expected 25 basis point rate cut at the November meeting.” In addition to the U.S. Presidential election on Nov. 5., which has led to elevated volatility, investors are also looking toward the Fed’s two-day policy meeting on Nov. 6 and Nov. 7. The moves higher come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms. Both of the indexes notched their worst sessions since early September. The Dow, meanwhile, tumbled more than 300 points. Thursday also marked the end of a losing trading month, a negative mark amid a strong year. The Dow led the major indexes down with a slide of 1.3%, while the S&P 500 and Nasdaq shed 1% and 0.5%, respectively. U.S. Treasury yields dipped on Friday after October jobs data showed meager job growth that was hurt by hurricanes and striking workers and was far below what Wall Street was expecting. Shortly after 8:30 a.m. ET, the yield on the 10-year Treasury was down 3 basis points at 4.253%. The 2-year Treasury yield was last trading at 4.096% after falling 7 basis points. Asia markets fell Friday, after the Nasdaq Composite and the S&P 500 suffered their worst day in nearly two months, while investors awaited Federal Reserve rate verdict and U.S. elections next week. China’s CSI 300 had jumped over 1% during the intra-day trading before reversing course to close marginally lower at 3,890.02. Hong Kong’s Hang Seng index closed 0.93% higher at 20,505.38. Japan’s Nikkei 225 fell 2.63% to finish at 38,053.67, while the broad-based Topix dropped 1.52% to end at 2,644.26, extending losses from Thursday when the Bank of Japan maintained its benchmark policy rate at 0.25%. In South Korea, the blue chip Kospi lost 0.54% to close at 2,542.36, while the small-cap Kosdaq index declined 1.89% to 729.05. Taiwan Weighted Index lost 0.18% to end at 22,780.08, as Typhoon Kong-rey, the largest storm to hit the island in nearly 30 years, wreaked havoc. Australia’s third-quarter producer prices index climbed 3.9% year on year, sharply lower than 4.8% reading in the previous quarter, according to data from Australian Bureau of Statistics on Friday. Quarter on quarter, the index rose 0.9% compared with a 1% rise in previous quarter. Australia’s S&P/ASX 200 slipped 0.5% to finish at 8,118.8. Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Brent crude futures, which have rolled to the January contract, climbed $1.88, or 2.6%, to $74.68 a barrel. U.S. West Texas Intermediate crude futures rose $1.89, or 2.7%, to $71.16 a barrel after settling up 0.95% in the previous session. Gold and silver prices rose on Friday, recovering from profit-taking during the previous session, while investors digested fresh U.S. payrolls data. Spot gold added 0.5% to $2,759.00 per ounce. Prices fell by 1.5% on Thursday as some traders took profit after the precious metal hit a record high of $2,790.15. “Despite Thursday’s correction, gold remains in a strong uptrend with several positive factors aligned to drive further gains,” said Hugo Pascal, precious metals trader at InProved. Bullion rose by 4% in October due to investor anxiety about the U.S. Nov. 5 presidential election. Polls indicate a close race between Donald Trump and Kamala Harris.