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5 Things You Should Know Before the Stock Market Opens

NEW YORK ( TheStreet) -- U.S. stock futures were pointing lower Friday ahead of the release of the U.S. jobs report for April.

Economists are calling for nonfarm payrolls to have risen by 162,000 last month, according to, up from 120,000 in March. Excluding the impact of government employment changes, nonfarm private payrolls are being placed at 167,000. The unemployment rate is seen at 8.2%.

The jobs report is scheduled for release at 8:30 a.m. EDT.

European shares were slipping, taking their lead from Asian stocks which finished with losses on Friday.

Hong Kong's Hang Seng fell 0.8% to 21,086 and South Korea's Kospi lost 0.3%. Markets in Japan were closed for a public holiday on Friday.

Facebook, which is gearing up for the biggest ever tech initial public offering, could raise as much as $13.6 billion from its offering, according to documents filed with the Securities and Exchange Commission on Thursday.

The social networking giant amended its S-1 filing, detailing an anticipated price range of $28 to $35 a share.

Facebook estimated that net proceeds from the sale of its common stock will be about $5.67 billion, assuming an IPO price of $31.50 a share, which is the midpoint of its price range, and the sale of roughly 180 million shares.

LinkedIn (LNKD - Get Report) posted better-than-expected first-quarter results, as revenue at its biggest unit more than doubled.

LinkedIn reported earnings of 15 cents a share on revenue of $188.5 million for the March-ended period.

Analysts polled by Thomson Reuters were expecting earnings of 9 cents a share on revenue of $178.58 million. Sales at Hiring Solutions, its biggest segment, soared 121% to $102.6 million. It accounted for 54% of revenue, up from 49% a year earlier.

Yahoo! (YHOO - Get Report) brushed off the distortion in CEO Scott Thompson's education credentials as an "inadvertent error."

New York hedge fund manager Daniel Loeb, a disgruntled Yahoo! shareholder, had questioned Thompson's qualifications after he exposed a misrepresentation about the education of the Yahoo! CEO, The Associated Press reported.

Loeb discovered Thompson doesn't have a bachelor's degree in computer science from Stonehill College, as Yahoo! stated in a regulatory filing last week. The CEO has an accounting degree from Stonehill.

Berkshire Hathaway's (BRK.B - Get Report)annual meeting takes place this weekend in Omaha, Neb.

A highlight of the event is the Q&A with billionaire investor Warren Buffett, Berkshire's CEO. But the tone of this year's meeting could be different since Buffett, 81 years old, said last month he had been diagnosed with prostate cancer.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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