Feb. 7 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Friday, Feb. 7:  

1.-- U.S. stock futures were pointing to gain on Wall Street ahead of January nonfarm payrolls data.

European stocks were higher. Asian shares ended the session with gains. Japan's Nikkei 225 index surged 2.2%.

2.-- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for January at 8:30 a.m. EST, and consumer credit for December at 3 p.m.

3.-- U.S. stocks on Thursday rose as jobless claims came in lower than expected, suggesting the labor situation was improving despite recent data weakness in other sectors. The S&P 500 closed up 1.24% to 1,773.43, while the Dow Jones Industrial Average gained 1.22% -- its first close up 1% this year -- to 15,628.46. The Nasdaq increased 1.14% to 4,057.12.

4.-- Apple (AAPL) has purchased $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street, CEO Tim Cook told The Wall Street Journal in an interview.

Cook said Apple was "surprised" by the 8% decline in its shares on Jan. 28, the day after it reported lower iPhone sales than projected and warned that revenue in the current quarter might decline from the same period a year ago, the Journal reported. Cook said he wanted to be "aggressive" and "opportunistic."

With the latest purchases, Cook told the newspaper that Apple has repurchased more than $40 billion of its shares over the past 12 months. According to Cook, that's a record for any company over a similar span.

Apple shares rose 1.7% to $521 in premarket trading on Friday.

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