Updated from 6:47 a.m. EST.

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, March 6:

1. -- U.S. stock futures were heading cautiously upward Friday as investors contemplate a strong jobs report released at 8:30 a.m.

European stocks were mixed as investors anticipated the U.S. jobs report.

2. -- The economic calendar in the U.S. on Friday includes the jobs report at 8:30 a.m., which will be closely watched. International trade gap data arrives at 8:30 a.m. The amount of consumer credit outstanding will be announced at 3 p.m.

3. -- U.S. stocks on Thursday closed with small gains and seemed a bit jittery as investors waited for Friday's jobs numbers.

The S&P 500 (SPY) - Get Report closed up 0.12% to 2,101.04. The Nasdaq (QQQ) - Get Report jumped 0.32% to 4,982.81. The Dow Jones Industrial Average (DIA) - Get Report rose 0.21% to 18,135.72.

4. -- Goldman Sachs (GS) - Get Reportneeds more reserves if it wants to continue to pay its current dividend and continue share repurchases, the Federal Reserve found after stress-testing the bank. The findings mean that if Goldman maintains its dividend, it will only be able to spend about $1 billion on buybacks, compared to $5.5 billion spent last year.

The more stringent requirements from the Fed were not expected by Goldman or analysts. Citigroup (C) - Get Report and Wells Fargo (WFC) - Get Report, for example, fared slightly better on the tests, but also were found to have overestimated their strength in case of a downwardly spiraling economy.

In premarket trading, Goldman stock was sinking 0.53%.

5. -- The very strong jobs report arrived at 8:30 a.m. Friday. The U.S. Labor Department said 295,000 jobs were created in February. That brings the unemployment rate to 5.5%.

Before the report, Bloomberg predicted a report that would say that 230,000 new jobs were created in February, according to consensus estimates. If those estimates were correct, the unemployment rate would shrink to 5.6%.

In January, 257,000 jobs were created.

6. -- Online retailer Amazon (AMZN) - Get Report has struggled to gain a foothold in China, and has now quietly opened a store on the Alibaba (BABA) - Get Report Tmall platform. Tmall sells high-end branded gear to Chinese customers who want to avoid the many fakes in the larger Chinese market.

Alibaba, JD.com (JD) - Get Report and other local retailers dominate the Chinese online market. Amazon's share there is only 1.5% of the market. Some analysts have called for Amazon to leave the Chinese market. But this move may be an experiment by Amazon in how to better connect to the Chinese consumer.

Amazon shares were up 0.05% and Alibaba shares were down 0.36% in premarket trading.

7. -- The European Central Bank will begin buying bonds Monday in a stimulus measure. The move is designed to help economic growth and push back against deflation. The ECB forecasted that the move would push inflation in Europe from the current 0% to 1.8% in 2017. The bank maintains an inflation target of 2%.

8. -- Europe's largest software maker, SAP (SAP) - Get Report, will lay off 3% of its global staff -- that's about 2,250 jobs cut. The company hopes to create about the same number of new jobs in different business areas, however. The cuts are similar to those made last year. SAP is shifting more toward cloud computing, in-memory database software and software to track business expenses.

SAP is trying to push back on Internet software sales, especially by rivals Workday (WDAY) - Get Report and Salesforce.com (CRM) - Get Report.

SAP's ADRs were flat in premarket trading.

9. -- Staples (SPLS) and Foot Locker (FL) - Get Report report earnings before the bell. Staples is expected to report earnings per share of around 30 cents for the quarter; Foot Locker investors expect 91 cents a share.

Staples shares were up 0.79% in premarket trading. Foot Locker stock was jumping 5.21% before the market open.

10. -- Despite the strong jobs report, unemployment is at its highest level since May, according to Thursday's unemployment report. 320,000 people were laid off, more than was estimated by most analysts. That's a large rise since January's report, in which the fewest people in 14 years filed for new unemployment benefits.