U.S. stock futures are mixed in premarket trading as market participants look forward to August nonfarm payrolls data.

The moves come after a broad-based equity rally Thursday with the S&P 500 having its best day in a month.

All eyes will be on the August jobs report this morning with expectations of 55,000 jobs added, which comes after a loss of 23,000 in July. The unemployment rate is expected to stay firm at 4.1% but whisper numbers are calling for a potential move higher to 4.2%.

Oil prices are down modestly this morning but remain above $90 a barrel and are up over 8% this week. Markets are closed on Monday for the Labor Day holiday.

Snapshot (as of 8 AM ET)

• Oil (/CL) – Oil futures are down 0.54% to $90.81 per barrel
• Gold (/GC) – Gold futures are down 0.54% to 4,516.30 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are down 0.69% to 81,515
• VIX (/VIX) – The CBOE Volatility Index is down 1.47% to 14.11
• U.S. Dollar ($DXY) – The dollar index is up 0.15% to 99.061

Big Premarket Movers (as of 8 AM ET)

Advancers:

• Coherent (COHR) 3.63%
• KLA (KLAC) 3.33%
• SanDisk (SNDK) 2.93%
• Moderna (MRNA) 2.88%
• Applied Materials (AMAT) 2.70%

Decliners:

• Lululemon Athletica (LULU) -20.55%
• Fair Isaac (FICO) -10.63%
• Equifax (EFX) -9.57%
• Adobe (ADBE) -3.24%
• Tesla (TSLA) -3.06%

Economic Data (ET)

• 8:30 AM: August Jobs Report

Notable Earnings

• Premarket: N/A
• Postmarket: N/A
• Premarket Tuesday: ABM, UNFI
• Postmarket Tuesday: CASY, GME, AVO, TTAN

Upgrades/Downgrades

• Morgan Stanley upgrades Shell (SHEL) from Equal Weight to Overweight
• Barclays upgrades W.P. Carey (WPC) from Underweight to Equal Weight
• Morgan Stanley downgrades TotalEnergies (TTE) from Overweight to Equal Weight
• Canaccord downgrades UiPath (PATH) from Buy to Hold
• Craig-Hallum downgrades Ambarella (AMBA) from Buy to Hold

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