Updated from 7:38 a.m.
Stock futures held slightly higher on Friday morning after the latest read on the labor market breezed past expectations.
S&P 500 futures were up 0.15%, Dow Jones Industrial Average futures added 0.22%, and Nasdaq futures climbed 0.12%.
The U.S. economy added 255,000 jobs in July, according to the Labor Department, far higher than an expected increase of 185,000. The U.S. unemployment rate was unchanged at 4.9%, higher than an expected decline to 4.8%. June's jobs gain was revised up to 292,000 form 287,000, while May's jobs were more than doubled to 24,000 from 11,000. Hourly wages rose 2.6%.
The U.S. trade deficit rose 8.7% in June to $44.5 billion. U.S. exports increased 0.3% and imports were up 1.9%, according to the Census Bureau.
LinkedIn (LNKD) topped estimates in its recent quarter as it continued to boost its paid-for premium membership. The networking site's adjusted profit of $1.13 a share came in above forecasts of 78 cents a share. Revenue increased 31% to $932.7 million. Microsoft (MSFT - Get Report) is paying $26.2 billion to acquire LinkedIn, the companies announced in June, a deal which should close this year.
Zynga (ZNGA - Get Report) moved sharply lower after reporting a steady decline in average daily active users. The social game company, developer of Farmville, said active users fell 15% from a year earlier and average monthly users dropped 26%, while revenue declined 9% to $181.7 million, $10 million below forecasts.
Kraft Heinz (KHC - Get Report) exceeded profit estimates in its second quarter. The packaged foods company earned an adjusted 85 cents a share, above estimates of 73 cents, while revenue of $6.8 billion came in as expected. Kraft also increased its quarterly dividend to 60 cents a share from 57.5 cents.
Priceline (PCLN) jumped 6% after reporting a solid second quarter and guiding for in-line third-quarter profit. The online travel agency earned an adjusted $13.93 a share, breezing past consensus of $12.67. Revenue climbed 12% to $2.56 billion but came in slightly short of estimates. Gross travel bookings climbed 19%, above estimates.
FireEye (FEYE - Get Report) slumped 15% in premarket trading after new chief executive Kevin Mandia announced plans to cut hundreds of jobs in restructuring efforts. The plans intend to reduce around $80 million in annual expenses. The exact number of layoffs are not yet known.
Symantec (SYMC - Get Report) bested quarterly forecasts on its top and bottom line. The cyber-security firm earned 29 cents a share in its first quarter, 4 cents above expectations. Revenue of $884 million was down just over 3%, though it beat consensus estimates by $7 million.