* Payrolls report due at 8:30 a.m. EST (1330 GMT)
* Alcoa shares slide after results
* Futures up: Dow 61 pts, S&P 8 pts, Nasdaq 21 pts
By Rodrigo Campos
NEW YORK, Jan 10 U.S. stock index futures
climbed in low volume on Friday as traders awaited a key report
on employment in the world's largest economy.
The payrolls report, due at 8:30 a.m. EST (1330 GMT), is
expected to show the U.S. economy created 196,000 jobs in
December, slightly lower than 203,000 in November; the
unemployment rate is seen steady at 7 percent.
Wall Street analysts may be looking for a higher number as
some forecasts were raised recently and the revised numbers were
not included in the current mean estimate.
"I expect the number to be strong and an initial surge to
1,850 on the S&P," said Ken Polcari, director of the NYSE floor
division at O'Neil Securities in New York.
He sees the benchmark drifting lower after an initial run
"until next week, when earnings really kick in."
S&P 500 futures rose 8 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures rose 61
points and Nasdaq 100 futures added 21 points.
Alcoa reported a massive quarterly loss on Thursday
after recent declines in aluminum prices; its shares fell 6.4
percent in premarket trading.
Sears Holdings Corp's shares fell 12.7 percent in
light premarket trading a day after the retailer reported steep
declines in comparable-store sales at its Kmart and U.S.
namesake chain for the crucial holiday season.
Shares of trucking company YRC Worldwide fell 20
percent in premarket trading a day after sliding 16 percent
after workers represented by the Teamsters union rejected a
contract extension that the company proposed, putting a plan to
restructure its debt in jeopardy.