U.S. futures were falling premarket Friday, and could be headed even lower after the U.S. added fewer jobs in April than was expected by Wall Street.
The U.S. added 160,000 jobs in April, maintaining the country's 5.0% unemployment rate. But analysts were expecting the economy to have added 200,000 jobs in the month, lowering the unemployment rate to 4.9%. The U.S. added 215,000 jobs in March.
Industry-standard Brent crude futures contracts were declining $0.72 to $44.29 per barrel while West Texas crude futures were down 0.6% to $43.72 per barrel.
World markets were lower across the board, with the Nikkei experiencing a modest 0.25% decline Friday, while the Hang Seng dropped 1.7% and the Shanghai Composite fell 2.8%. In Europe, the CAC 40 was leading the way down, falling 1.4%, while the German Dax was 0.8% lower and the FTSE 100 in the U.K. was falling 1% with about three hours left in trading.
Health Insurer Cigna (CI) could see some positive momentum Friday following the release of its first-quarter results before the opening bell. The company reported earnings of $2.32 per share, $0.17 better than Wall Street expected for the period. The company also posted a 4.4% increase in revenue to $9.88 billion, just missing consensus estimates for $9.96 billion.
Square (SQ), the mobile payment company run by Twitter (TWTR) CEO Jack Dorsey, was down 16% premarket following its earnings release. The company reported a quarterly loss of $0.14 per share, $0.05 wider than analysts expected.
GoPro (GPRO) continued its downward trajectory Friday following its earnings release, dropping nearly 9% in premarket trading. The company reported mixed results, topping analysts' top-line estimates, but reporting a wider net loss than expected. Additionally, the company announced that it was delaying the launch of its flying-camera drone until the holiday shopping season. The product was originally set to launch this quarter.
Finally, Yelp (YELP) was rising nearly 15% following its latest earnings beat. The restaurant review company reported adjusted EPS of $0.08, topping analyst estimates by a nickel. Earlier in the week, Greenlight Capital, a fund managed by investor David Einhorn, announced a stake in the company, with Einhorn saying he believes Yelp could double its revenue by 2019, according to Reuters.