NEW YORK (CBS.MW) -- The stock averages are looking to stretch their upside to three straight sessions on Friday ahead of an onslaught of economic numbers.
March S&P 500 futures edged up 0.80 point, or 0.1 percent, and were trading 0.60 point above fair value, according to HL Camp & Co. And Nasdaq futures were flat but were about 0.20 point above fair value.
Two of the month's most essential economic reports are due out on Friday. One is the January employment report, with economists surveyed by CBS MarketWatch.com expecting a 27,000 drop in nonfarm payrolls with a nudge up in the jobless rate to 5.9 percent from 5.8 percent. The second is the Institute of Supply Management Index (formerly NAPM), which is expected to post a 49.7 percent reading in January vs. 48.2 percent in December.
Also on the agenda: December construction spending, seen squeaking up 0.2 percent.
Treasury bonds opened on a mixed note, with few willing to take on positions ahead of the day's onslaught of data.
The 10-year Treasury note was up 1/32 to yield 5.04 percent while the 30-year government bond erased 1/32 to yield 5.435 percent.
In the currency sector, the dollar dropped 0.6 percent to 133.96 yen after rallying on Thursday while the euro inched up 0.4 percent to 86.21 cents.
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