us stocks look set for another nervous start on friday as the index futures traded narrowly mixed the mood reflects the apprehensions of traders as they look forward to each piece of incoming economic evidence to draw cues on the fed rate outlook what happened on thursday the major averages opened lower and moved broadly sideways before ending the session notably lower with techs once again leading from the front see also futures investing for beginners the acute weakness can be traced back to a strong private payrolls report and hawkish fed commentaries traders projected the adp jobs data strength to the labor department’s nonfarm payrolls data due on friday a stronger labor market is the primary reason that has justified fed’s continued aggressive rate hikes most stocks moved to the downside on thursday with the exception of energy stocks real estate utility and technology stocks were among the worst performers of the session friday’s jobs report has become important for setting expectations for future rate moves it wouldn’t be a surprise if the actual number comes well above the expectations of 200000 new jobs said brad mcmillan chief investment officer of commonwealth financial network he expects the unemployment rate to remain unchanged at 38 or even tick down by a notch and wage growth to remain at recent strong levels “if that happens expect the fed to keep its rateraising bias and for the markets to react negatively” the analyst said in premarket trading on friday the spdr sp 500 etf trust spy was adding 009 to 37973 and the invesco qqq trust qqq fell 007 to 26140 according to benzinga pro data on the economic front the labor department will release its nfp report for december at 830 am est the consensus calls for an addition of 200000 to payrolls slower than the 263 job additions in november the jobless rate is expected to stay put at 37 and the average hourly earnings may have increased 5 yearoveryear a downtick from the 51 increase in november the institute for supply management is scheduled to release its nonmanufacturing sector report for december the nonmanufacturing purchasing managers’ index may have declined from 565 in november to 55 in december around the same time the commerce department will release its factory orders report for november federal open market committee member and atlanta fed president raphael bostic is scheduled to speak at 1115 am est and 130 pm est richmond fed president thomas barkin also an fomc member will make a public appearance at 1215 pm est   tesla inc stock fell over 55 in premarket trading in reaction to a price cut the company announced in china   tesla’s chinese peers nio inc  xpeng inc and li auto inc were all moving in sympathy   world wrestling entertainment inc rallied over 8 after its former ceo vince macmahon said he is planning to assume the role of executive chairman of the company and also called for a strategic review   costco wholesale corp moved up over 1 after it said its december sales rose 7 and comps increased 55 crude oil futures climbed close to 1 to 7439 in the early european session extending the winning streak to the third straight session the yield on the benchmark 10year us treasury note continued to hover around the 37 level at last check it was edging up 0011 percentage points to 3733 the major asiapacific markets closed on a mixed note on friday as traders in the region awaited cues from the us december jobs report south korea’s kospi rallied over 1 while the indonesian australian japanese and chinese markets advanced moderately on the other hand hong kong’s hang seng index singaporean straits times index india’s sensex and new zealand’s nz50 index came under selling pressure european stocks are moving around nervously after they snapped their threesession winning streak on thursday data showing a cooloff in inflation in the eurozone hasn’t given much fillip to the market read next federal reserves esther george anticipates additional rate hikes sees rates staying above 5 well into 2024