08:15 AM EDT, 08/02/2024 (MT Newswires) -- US stock futures were moving lower in Friday's premarket session ahead of the July unemployment rate, average hourly earnings, and nonfarm payroll figures set for release at 8:30 am ET.

Dow Jones Industrial Average futures were down 0.83%, S&P 500 futures were falling 1.14%, and Nasdaq futures were dropping 1.72%.

The unemployment rate for July is expected to remain unchanged at 4.1%, while nonfarm payroll numbers are expected to decline to 176,000 from 206,000 in June, according to Bloomberg.

Average hourly earnings, which measures the change in the amount businesses pay for labor excluding the agricultural sector, are expected to be up 0.3% in July, the same as in June.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude falling 0.91% and 1% respectively.

In equities, shares of VSee Health ( VSEE ) soared 170% in premarket activity after it said Thursday that it signed a deal with Ava Robotics to develop telepresence solutions for the inpatient intensive care market. MKDWELL Tech's (MKDW) shares jumped 110%, adding to a roughly 6% gain the previous session. And shares of Akanda ( AKAN ) surged 34% after a 3% loss on Thursday.

On the losing side, shares of Procore Technologies ( PCOR ) plunged 24% after it reported late Thursday Q2 revenue and Q3 revenue guidance that missed analyst forecasts. Intel ( INTC ) shares tumbled 22% after the chipmaker reported late Thursday lower Q2 earnings and sales and suspended its dividends beginning in Q4 while implementing a cost-cutting program. And shares of Smith Micro Software ( SMSI ) shed 18% after it reported a larger-than-expected adjusted loss and lower-than-expected revenue for Q2.