us stock futures edged lower as caution ahead of us jobs data encouraged a reduction in risk appetite following a fourday winning streak on thursday the dow jones industrial average djia rose 347 points or 112 to 31385 the sp 500 spx increased 58 points or 15 to 3903 and the nasdaq composite comp gained 259 points or 228 to 11621 stock futures traders were reluctant to take bold bets in early friday action wary of being wrongfooted by the us jobs report due before the opening bell on wall street the sp 500 has enjoyed four consecutive days of gains its best winning run since the end of march as some investors hoped that recent heavy losses down 21 in the first half of the year meant fears about declining corporate profits were now pretty much baked in indeed the second quarter us earnings season kicks into gear later next week but for now attention will be focused on the health of the us jobs market and what that means for the likely pace of federal reserve interest rate rises the nonfarm payrolls report is set for release at 830 am eastern analysts consensus forecasts are for a net 250000 jobs to have been created in june down from 436000 in april and 390000 in may the pace of wage growth expected to be 5 will be scanned for signs of inflationary pressures the market may find itself once again adopting the mantra that “bad news is good news” said ipek ozkardeskaya senior analyst at swissquote bank a strong report could bolster the idea that the us economy can cope with the fed becoming “more aggressive to fight inflation” while a softer reading might signal “that the economy is not strong enough to shoulder backtoback big rate hikes after all” she added the us 10year treasury yield tmubmusd10y was down 16 basis points to 2984 ahead of the jobs data   asian equities mostly responded positively to the overnight gains on wall street japan’s nikkei 225 nik pared its advance following news of an attack on former prime minister shinzo abe adding 01 but china’s shanghai composite shcomp fell 025 despite expectations beijing is considering further fiscal stimulus   wti crude cl1 fell 08 to 10190 a barrel the benchmark rallied 43 on thursday after data showed that us oil inventories of 428 million barrels about 10 below the five year average for this time of year according to enercom analytics   the dollar index dxy gained 05 to 10767 a fresh 19year high as the euro eyes parity with the buck   gold gc00 which on thursday finally snapped a seven session losing streak is again down as the greenback rallies slipping 04 to 1733 an ounce   bitcoin btcusd is up 1 to 21830 having gained ground in three of the last four days