Futures Drop on Caution Ahead of Key Payrolls Data

U.S. stock futures leaned lower on Friday, with investors exercising caution ahead of the release of key non-farm payrolls data. The Dow Jones Industrial Average futures fell 41 points, or 0.1%, to 42837, while S&P 500 futures dropped 17 points, or 0.3%, to 5942. Nasdaq-100 futures decreased 98 points, or 0.5%, to 21263.

The market's cautious stance can be attributed to the uncertainty surrounding the jobs report, which is expected to show a slowdown in hiring. Traders are eager to gauge the impact of the jobs data on the Treasury market, as the 10-year yield has risen more than a full percentage point from its mid-September lows.