U.S. futures fell early Friday morning, following a dismal monthly jobs report. The S&P 500 and the Dow Jones Industrial Average dipped about 0.5% and 0.4%, respectively, while crude oil also declined, down about 0.5% following Thursday's meeting of OPEC leaders.
The U.S.added just 38,000 jobs to nonfarm payrolls in May, far below the 158,000 jobs economists had expected, according to a U.S. Bureau of Labor Statistics report. Meanwhile, the U.S. unemployment rate fell to 4.7% from 5%.
Shares of GAP (GPS) were up about 3% after reporting earnings and announcing its plans to shutter 53 Old Navy stores in Japan, in an affort to save about $275 million annually. GAP posted earnings per share of $0.32 on sales of $3.4 billion, in line with analyst forecasts.
Meanwhile, Broadcom (AVGO) shares were trading up 7% before the opening bell on a strong second-quarter earnings. The chip maker posted earnings of $2.53 per share, beating analyst forecasts of $2.38, on quarterly sales of $3.5 million. The company also raised the quarterly dividend to $0.50 a share, up a penny per share.
Ambarella (AMBA) shares also climbed nearly 9% in premarket trading on news of a first-quarter earnings beat. The semiconductor maker reported EPS of $0.34 on sales of $57 million, topping consensus forecasts of $0.28 per share.
Wearable-camera maker GoPro (GPRO) stock was also buoyed Ambarella's better-than-expected quarterly earnings and positive 2016 outlook, with shares up 2.5% to $11 ahead of the openings bell. Ambarella is a chip supplier to GoPro and said in its earnings release it expects the rebound in the market in the second half of the year.
This article has been updated Friday, June 3, to reflect trading movement of GoPro stock.