07:50 AM EDT, 06/05/2025 (MT Newswires) -- The main US stock measures were pointing higher before the opening bell Thursday as traders assess the latest labor market data and await May's nonfarm payrolls report due later this week.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq edged up 0.1% each in premarket activity. The indexes closed the previous trading session mixed, with the Dow snapping a four-day winning streak.

Last month's nonfarm payrolls report is scheduled to be released on Friday. Government data is expected to show that the US economy added 130,000 nonfarm jobs in May, which would mark a drop from the 177,000 gain posted for April, according to a Bloomberg poll.

On Wednesday, Automatic Data Processing (ADP) reported that US private sector employment grew last month at the slowest pace since March 2023 and fell well short of market expectations. Earlier in the week, official data showed that job openings in the US unexpectedly increased in April, while layoffs picked up.

Federal Reserve Governor Lisa Cook said Tuesday that while the US labor market remains resilient, trade policy changes could affect hiring plans.

The Challenger Job Cut report for May is out at 7:30 am ET, followed by the weekly jobless claims bulletin. Thursday's economic calendar also has the international trade in goods and services report for April and the revised productivity and costs report for the first quarter.

Fed Governor Adriana Kugler is slated to speak 12 pm, while Philadelphia Fed President Patrick Harker and Kansas City Fed President Jeffrey Schmid both speak at 1:30 pm.

US Treasury yields were mixed in premarket action, with the two-year rate ticking up 0.4 basis point to 3.88% and the 10-year rate retreating 1.2 basis points to 4.35%.

Shares of MongoDB ( MDB ) jumped 16% pre-bell as the database software maker lifted its full-year outlook on the back of stronger-than-expected fiscal first-quarter results. Five Below ( FIVE ) gained 6.2% amid the discount retailer's latest quarterly results. Tesla (TSLA) declined 1.7% while Netflix ( NFLX ) nudged 0.2% higher.

Brown Forman (BF.A, BF.B), Ciena (CIEN), Toro (TTC) and Victoria's Secret (VSCO) report their latest financial results before the bell, among others. Broadcom ( AVGO ) , Lululemon Athletica ( LULU ) , DocuSign ( DOCU ) and Petco Health and Wellness ( WOOF ) post earnings after the markets close.

West Texas Intermediate crude oil moved up 0.6% to $63.24 a barrel before the open. Commercial crude stockpiles in the US decreased more than projected last week, while motor gasoline, distillate fuel, and propane and propylene inventories logged gains, government data showed Wednesday.

Gold inclined 0.7% to $3,422 per troy ounce, while bitcoin slipped 0.3% to $104,686.