Investing.com - Wall Street futures edged higher on Monday, as markets recovered from Friday’s disappointing U.S. employment data.
Trading volumes were expected to remain thin, with most banks and federal institutions closed for the Columbus Day holiday. That also means no major data releases are on tap for Monday.
The blue-chip Dow futures were up 0.43%, the S&P 500 futures climbed 0.50%, while the tech-heavy Nasdaq 100 futures gained 0.42%.
U.S. equities were hit after the U.S. Labor Department said on Friday that the economy added 156,000 jobs in September, compared to expectations for 175,000.
The report also showed that the unemployment rate ticked up to 5.0% last month from 4.9% in August.
However, the disappointing data was not expected to prevent the Federal Reserve from raising interest rates later this year.
Markets were also jittery after no evident winner came out of the second U.S. presidential debate which took place on Sunday.
U.S. lenders were expected to move higher on Monday, as Bank of America (NYSE:BAC) gained 0.43% in pre-market trade, while Citigroup (NYSE:C) climbed 0.41%.
Meanwhile, energy-related stocks were also slated to be pushed higher as oil prices bounced off earlier lows.
Shares in oil and gas major Exxon Mobil (NYSE:XOM) advanced 0.88% pre-market
Honeywell International Inc (NYSE:HON). was also set to remain in the spotlight after plunging over 7% on Friday, when the company cut sales projections. Shares declined 0.88% in pre-market trade.