Click chart for in-depth premarket data. But for Wall Street to push on, we're going to have to see that all-important jobs report from the U.S. government.
Here are the five things you need to know before the opening bell rings in New York:
1. It's all about the jobs: Investors are waiting for the first U.S. jobs report of 2015. January's employment report comes out at 8:30am ET.
A CNNMoney survey of economists predicts non-farm payrolls will grow by 233,000 and the unemployment rate will decline to 5.5% from 5.6%.
Markets will be keeping an eye on wage growth figures since salaries aren't increasing as quickly as expected. In December, wages grew by 1.7% on the year. Investors will also be looking for early signs of job losses in the oil industry feeding through into the figures.
Related: Fear & Greed Index
2. Market overview: U.S. stock futures are holding steady ahead of the open. Market direction for the day will depend on how the jobs figures are received. Major European markets are dipping in early trading.
Asian markets ended the week with mixed results. The Shanghai Composite index, which ran up by about 52% last year, dropped by nearly 2% Friday. The index has declined by about 5% since the start of 2015.
In commodities, crude futures are rising by about 3% to trade around $52 per barrel. This marks a big comeback since oil was trading below $44 in late January. Last year, oil averaged about $93 per barrel.
3. Stock market movers -- Statoil, Frontier, GoPro, LinkedIn, Twitter: Shares in Statoil (STO) are rising by about 3% premarket after the Norwegian oil giant maintained its dividend despite taking a hit from lower prices. The company -- like many other energy majors -- also said it would reduce investments by 10% this year and cut costs further.
Shares in Frontier (FTR) were up in extended trading after it said it was buying Verizon landlines in three states for $15 billion.
GoPro (GPRO) is diving by more than 10% premarket. The camera maker's earnings easily beat Wall Street expectations, but investors were reported to be disappointed that the company's chief operating officer is leaving the firm.
Meanwhile, LinkedIn (LNKD, Tech30) and Twitter (TWTR, Tech30) shares are rising premarket after reporting results Thursday.
4. Earnings: Moody's (MCO) is among the key companies reporting earnings before the opening bell.
Related: CNNMoney's Tech30
5. Thursday market recap: The Dow Jones industrial average gained 212 points yesterday. The index got a boost from rising oil prices and solid earnings. Both the S&P 500 and Nasdaq rose by 1%.
CNNMoney (London) February 6, 2015: 5:31 AM ET
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