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May 6 Premarket Briefing: 10 Things You Should Know


Here are 10 things you should know for Friday, May 6:

1. -- U.S. stock futures were falling slightly Friday ahead of the U.S. jobs report for April that could have an influence on future interest rate hikes from the Federal Reserve.

European stocks traded lower after a day of steep losses in China, where the Shanghai Composite sank 2.8%.

Oil prices in the U.S. early Friday fell 0.3% to $44.18 a barrel.

2. -- The economic calendar in the U.S. Friday includes the Nonfarm Payrolls report for April at 8:30 a.m. EDT.

Economists polled by Reuters expect U.S. payrolls to have grown by 202,000 jobs in April, down from 215,000 the month before.

The unemployment rate is forecast to remain steady at the 5% recorded in March.

3. -- U.S. stocks on Thursday ended mixed as uncertainty about Friday's monthly report kept stocks in flux for much of the session.

The Nasdaq dropped 0.18%. The S&P 500 ended the day down 0.02% and the Dow Jones Industrial Average rose 0.18%.

4. -- Apple (AAPL - Get Report) CEO Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when the iPhone maker is facing some setbacks in its most important overseas market, a source familiar with the matter told Reuters.

Cook frequently has traveled to China since being named CEO five years ago, but his latest visit comes during a critical period, as smartphone sales in China have weakened and the tech giant has seen some of its online entertainment services in the country, its second-largest market after the U.S., suspended, Reuters noted.

Billionaire investor Carl Icahn said last week he sold his stake in Apple, citing concerns about the company's prospects in China.

Apple last week reported its first quarterly revenue drop in 13 years.

"In respect to China...