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Stocks•8 May 2026•

1 min read

US Futures Rise Ahead of Payrolls Data Amid Mixed Tech Earnings

Key Facts

1US stock futures gained ground Friday while oil prices held steady amid uncertainty over the state of the ceasefire in Iran.

2The nonfarm payrolls report is expected to show that job growth slowed in April as the economy faces risks from high gas prices.

3Block shares are rising after the company topped Wall Street earnings estimates and lifted its profit forecast.

4Cloudflare shares are tumbling despite strong earnings as the company announced plans to cut about one-fifth of its workforce.

US stock futures gained ground on Friday as investors braced for the April Nonfarm Payrolls (NFP) report, while oil prices remained steady amid geopolitical uncertainty. Market expectations point toward a slowdown in job growth as the economy grapples with risks from elevated gas prices and macro headwinds. In corporate news, Block shares surged after the company surpassed Wall Street earnings estimates and raised its full-year profit guidance. Conversely, Cloudflare shares tumbled despite reporting strong financial results, following the company's announcement to cut its workforce by approximately 20%. Investors are currently weighing corporate profitability against broader concerns regarding energy-driven inflation. This pre-market activity underscores a cautious sentiment ahead of critical labor market data from the US Department of Labor.