Good morning moomooers! Here are things you need to know before the opening bell:

• Stock futures rise as major averages try to finish best week since November

• Stocks making the biggest moves in the premarket: Peloton, Estee Lauder, Ford & more

• U.S. Senate passes budget plan to advance Biden's $1.9 trillion COVID aid package

• U.S. employment growth likely rebounded; more government money still needed

Market Snapshot

Stock futures rose early Friday following a four-day winning streak on Wall Street as investors awaited a closely watched January jobs report.

The S&P 500 rose for a fourth day to close at a record high on Thursday, boosted by tech and bank stocks. The Dow jumped the previous session, while the Nasdaq Composite also reached a fresh high.

The Labor Department will release its jobs report for January on Friday at 8:30 a.m. ET. Economists expect 50,000 payrolls added last month, after a decline of 140,000 in December, according to Dow Jones. The unemployment rate is expected to stay at 6.7%.

Premovers

Stocks making the biggest moves in the premarket: Peloton, Estee Lauder, Ford & more

$Peloton Interactive Inc(PTON.US)$ – Peloton doubled consensus estimatesin reporting quarterly profit of 18 cents per share, and the fitness equipment maker's revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays and is putting off the launch of a new treadmill while it focuses on cutting down on delivery times.

$The Estee Lauder Companies Inc(EL.US)$ – The cosmetics company earned $2.61 per share for its latest quarter, beating the Wall Street forecast of $1.69 a share. Revenue came in above estimates as well, as Estee Lauder saw sales gains in the Asia-Pacific region and a jump in online sales. 

$Ford Motor Co(F.US)$ – Ford reported a quarterly profit of 34 cents per share, compared to analyst forecasts of a 7 cents per share loss. The automaker said an ongoing worldwide semiconductor shortage is cutting into production and profit, however. Ford shares rose 2.3% in the premarket.

Top News

U.S. Senate passes budget plan to advance Biden's $1.9 trillion COVID aid package

President Joe Biden's drive to enact a $1.9 trillion coronavirus aid bill gained momentum on Friday as the U.S. Senate narrowly approved a budget blueprint allowing Democrats to push the legislation through Congress in coming weeks with or without Republican support.

At the end of about 15 hours of debate and votes on dozens of amendments, the Senate found itself in a 50-50 partisan deadlock over passage of the budget plan. That deadlock was broken by Vice President Kamala Harris, whose 「yes」 vote provided the win for Democrats.

U.S. employment growth likely rebounded; more government money still needed

U.S. job growth likely rebounded in January as authorities began easing COVID-19 restrictions on businesses with the ebbing pace of infections, which could offer the strongest signal yet that the worst of the labor market turmoil was behind after the economy shed jobs in December.

The survey of establishments is likely to show that nonfarm payrolls increased by 50,000 jobs last month after declining by 140,000 in December, according to a Reuters survey of economists. December’s drop was the first in eight months and came amid renewed restrictions on businesses like restaurants and bars to slow a resurgence in coronavirus infections.