• The S&P 500 initially fell during trading on Thursday but bounced enough to form a hammer. By doing so, it’s likely that the market is trying to show that it wants to go higher, but the jobs number needs to be out of the way before I think a lot of money jumps into the market. The 2820 level of course is a major level, but if we can clear that I think we could gain another five points rather quickly, and then perhaps another 15 after that.

The alternate scenario of course is that we break down below the lows of the day, but I think that would probably be with some type of horrific mess coming out of the Bureau of Labor Statistics. I don’t think there’s a huge surprise waiting, but if we get it, you need to notice that we could have a bit of “empty space” down to the 2740 handle.

I believe that the market will ultimately try to go higher, but I also recognize that there is a lot of concern around the world, and although there are cracks in the foundation of the rally, I do believe that we are not quite ready to roll over. I believe that the next couple of weeks will probably be somewhat quiet after the jobs number, but you can use that to your advantage if you are patient enough.

• Stocks in Europe open higher Friday as investors digest new corporate earnings and news that Apple's valuation hit $1 trillion.

The pan-European Stoxx 600 was 0.18 percent up with every sector in the black.

Stateside, Apple's valuation hit the $1 trillion mark — boosting the S&P and the Nasdaq.

In terms of European politics, U.K. Prime Minister Theresa May is set to meet French President Emmanuel Macron at his official summer residence in an attempt to bolster support for her Brexit plan.

• Asian stocks inched up on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safe-haven flows to the dollar, which hovered near a two-week high.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.05 percent. The index was down more than 0.6 percent for the week on U.S.-China trade tensions.

• Japan’s Topix index of shares dropped on Friday as Sino-U.S. trade tensions and upcoming trade talks between Washington and Tokyo kept investors on edge, although the Nikkei managed to eke out slight gains partly due to a sharp rise in Suzuki Motor.

The Nikkei average ended 0.06 percent higher at 22,525.18 thanks to gains in a small number of shares that have disproportionately high weightings such as Fast Retailing , Fanuc and Suzuki.

• Shares in China extended losses on Friday for their worst week since February, as Sino-U.S. trade fears continue to cast gloom over markets, while a vaccine scandal undermined confidence in consumer and healthcare firms, amid a slow domestic growth rate.

At the close, the Shanghai Composite index was down 26.94 points or 1 percent at 2,768.02.

Reference: Reuters, CNBC