Stock futures rise after Apple reports, traders look to April payrolls data: Live updates

Stock futures saw an uptick following positive extended trading results, particularly from Apple, which announced a significant share repurchase and earnings beat. This optimism comes as traders anticipate the April jobs report. Despite recent gains, major U.S. stock indexes like the S&P 500, Nasdaq, and Dow are still set to close the week lower.

Federal Reserve Chair Jerome Powell indicated that rate hikes are unlikely soon, although rate cuts aren't expected in the near term due to persistent inflation. The upcoming nonfarm payrolls report will be crucial, with economists expecting a slowdown in job additions compared to March and wage growth to continue at 4% year-over-year.