06:59 AM EDT, 08/04/2025 (MT Newswires) -- The benchmark US stock measures were pointing higher before the opening bell Monday as traders seek to recover losses at the end of last week that were driven by a weaker-than-expected jobs report and a persistently uncertain trade environment.

The S&P 500 and the Dow Jones Industrial Average rose 0.7% each in premarket activity, while the Nasdaq added 0.8%. The indexes finished Friday in the red, with the S&P 500 and the Dow extending losses for four and five consecutive days, respectively.

Friday's sell-off was triggered by the Bureau of Labor Statistics' report, which showed that the US economy added fewer jobs than projected in July, while gains in the previous two months were revised sharply lower, suggesting that labor market conditions are weakening.

"The July employment report should be a wake-up call to the markets and others that the US tariff shock is real," Scott Anderson, BMO Chief US economist, said in a note on Friday. "There are meaningful risks to the labor market and inflation from the new higher tariffs, even if the reciprocal rates overall don't quite reach the heights we saw on 'Liberation Day.'

US President Donald Trump fired BLS Commissioner Erika McEntarfer on Friday after the agency released the jobs report. Trump claimed the jobs numbers "were rigged in order to make the Republicans, and me, look bad," according to a social media post.

Trump also signed an executive order last week, modifying the reciprocal tariff rates for certain countries, setting duties in a range of 10% to 41% for several trading partners of the US. The tariffs are scheduled to come into effect later this week.

The two-year Treasury yields were little changed premarket at 3.69%, while the 10-year rate gained 1 basis point to 4.23%.

IDEXX Laboratories ( IDXX ) , BioNTech (BNTX), ON Semiconductor (ON), Loews ( L ) , Tyson Foods ( TSN ) , Waters (WAT), CNA Financial ( CNA ) and Wayfair ( W ) are scheduled to report their latest financial results before the bell, among others. Palantir Technologies ( PLTR ) , Williams (WMB) and Oneok ( OKE ) post earnings after the markets close.

Kosmos Energy ( KOS ) declined 2.8% after the company reported a wider-than-expected second-quarter loss amid lower-than-projected oil output. Boeing (BA) edged down 0.2% as roughly 3,200 union members who assemble the plane maker's fighter jets in the St. Louis area and Illinois went on strike.

Monday's thin economic calendar has the factory orders report for June at 10 am ET.

West Texas Intermediate crude oil dropped 1.7% to $66.19 a barrel before the open. Gold inclined 0.3% to $3,411 per troy ounce, while bitcoin nudged 0.1% lower to $114,329.