The economic calendar in the U.S. Friday includes the nonfarm payrolls report for September at 8:30 a.m. EDT. Employers were expected to have added 113,000 jobs to their payrolls in September, according to a Reuters poll of economists. The unemployment rate is forecast to have risen to 8.2% from 8.1%. Consumer credit data for August also is due to be released Friday at 3 p.m.
U.S. stocks on Thursday finished with solid gains following encouraging data on labor market conditions and dovish commentary from the European Central Bank. The Dow Jones Industrial Average rose 81 points, or 0.6%, to close at 13,575.
Sprint Nextel ( S) is considering making a rival bid for MetroPCS Communications ( PCS), which agreed on Wednesday to merge with T-Mobile USA, according to a report. Citing people familiar with the situation, Reuters reported Sprint is deciding whether to go public with a bid for MetroPCS, or to wait to bid for the combined company, in which Deutsche Telekom ( DT) will own a stake of 76%.
Zynga ( ZNGA), the social gaming company, forecast a loss for the third quarter and lowered its full-year outlook. Zynga said it expects a loss of 12 cents to 14 cents a share for the September-ended quarter with its non-GAAP per share performance coming in either breakeven or a loss of a penny a share. Wall Street's current consensus view is for a breakeven performance. Zynga projected third-quarter revenue in a range of $300 million to $305 million. For the year, the company dropped its expectations to bookings of $1.085 billion to $1.1 billion from a prior view of $1.15 billion to $1.225 billion.
Samsung Electronics, the world's largest maker of mobile phones, estimated in a regulatory filing that operating income for the July-September quarter nearly doubled from a year earlier to $7.3 billion, an all-time high, driven by strong sales of its Galaxy smartphones.
Constellation Brands ( STZ), the N.Y.-based alcohol seller, is expected by analysts Friday to post fiscal second-quarter earnings of 54 cents a share in the August-ended period on revenue of $710.1 million.
Major League Baseball's playoffs begin Friday night, with the wild card games. In the National League, the Atlanta Braves will host the St. Louis Cardinals. In the American League, the Texas Rangers host the Baltimore Orioles.
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