07:14 AM EST, 03/07/2025 (MT Newswires) -- US equity futures were trending upwards on Friday as traders await the national employment situation report for February and key central bank officials' speeches.

Standard & Poor's 500 rose 0.4%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.6% in premarket activity. Asian exchanges were mostly pointing lower, while European bourses were tracking in the red midday on the continent.

The nonfarm payroll report for last month is scheduled for an 8:30 am ET release. Government data is expected to show that the US economy added 160,000 nonfarm jobs in February, which would mark an increase from the 143,000 gain posted for the month prior, according to a Bloomberg poll.

Friday's economic calendar also has the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm, followed by the Federal Reserve's consumer credit bulletin for January at 3 pm.

Fed Governor Michelle Bowman and New York Fed President John Williams are slated to speak at 10:15 am, while Fed Governor Adriana Kugler speaks at 12:20 pm and later at 1 pm. Fed Chair Jerome Powell is set to speak at 12:30 pm.

Shares of Broadcom ( AVGO ) jumped 11% pre-bell as the chipmaker reported better-than-expected fiscal first-quarter results. Costco Wholesale ( COST ) declined 1.9% as the warehouse chain's fiscal second-quarter earnings fell short of market estimates. Hewlett Packard Enterprise ( HPE ) tumbled 20% following its latest quarterly results.

Walgreens Boots Alliance ( WBA ) advanced 5.9% as the drug-store operator agreed to be acquired and taken private by an affiliate of Sycamore Partners in a deal worth up to $23.7 billion.

Algonquin Power & Utilities ( AQNB ) and Advantage Solutions ( ADV ) report earnings early Friday, among others.

Before the opening bell, bitcoin edged 0.1% lower to $88,904, West Texas Intermediate crude oil increased 1.6% to $67.41 a barrel, yields on 10-year Treasuries slipped 1 basis point to 4.27% and gold remained unchanged at $2,927 an ounce.