US stock futures were moving modestly higher in Friday's premarket session as investors awaited key employment data.

Dow Jones Industrial Average futures were up 0.13%, S&P 500 futures were rising 0.28%, and Nasdaq futures were moving 0.41% higher.

Nonfarm payrolls for September are expected to increase to 148,000 from 142,000 in August, while the unemployment rate for the month is expected to remain unchanged at 4.2%, according to Bloomberg.

Oil prices were moving sharply higher again, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 1.42% and 1.48%, respectively.

In equities, shares of Phoenix Motor (PEV) soared 135% in Friday's premarket session after it reported late Thursday that it swung to a profit and took in record net sales in Q1. Noco-noco (NCNC) shares jumped 105% after a 2.5% gain the previous session. And shares of Beneficient (BENF) surged 60% after it said Friday that it expects approximately $126 million of temporary equity to be reclassified as permanent equity on its balance sheet as of Sept. 30.

On the losing side, shares of Spirit Airlines (SAVE) plunged 33% in Friday's premarket activity after The Wall Street Journal reported that the airline is discussing terms of a potential bankruptcy filing with bondholders. Cemtrex (CETX) shares tumbled 25%, adding to a 51% loss the previous session. And shares of Avinger (AVGR) fell 19%, erasing most of Thursday's 24% gain.