Updated from 8:37 a.m. ET, Friday, July 7.

Stock futures were higher on Friday, July 7, after the U.S. economy added far more jobs in June than anticipated.

S&P 500 futures rose 0.09%, Dow Jones Industrial Average futures added 0.02%, and Nasdaq futures increased 0.19%.

The U.S. economy added 222,000 jobs in June, according to the latest report from the Department of Labor. Analysts expected 177,000 jobs to have been added in June.

April and May's numbers were also upwardly revised. May's job gains were increased to 152,000 from 138,000, while April's increase climbed to 207,000 from 174,000.

The U.S. unemployment rate was increased to 4.4% from 4.3%, while average hourly wages increased 0.2%. Hourly wages year over year rose 2.5%.

"Today's jobs report shows the continued strength of the U.S. economy and a significant increase over last month's report," said Tony Bedikian, head of global markets at Citizens Bank. "The labor market is tightening, but we are still seeing consistent job growth."

Crude oil prices were lower ahead of weekly drilling activity data out Friday afternoon. A weekly count on active oil rigs drilling for crude in the U.S. will be released by Baker Hughes at 1 p.m. ET.

The count in the previous reporting period showed the first decline in activity in 24 weeks. The number of active U.S. rigs drilling for oil fell by two in the past week to 756 rigs. The number of active rigs has only dropped two times this year.

West Texas Intermediate crude was down 2% to $44.58 a barrel on Friday.

Crude oil prices rallied on Thursday, July 6, after a larger-than-expected drawdown in domestic supplies. U.S. inventories dropped by 6.3 million barrels in the past week, according to the Energy Information Administration. The drop was nearly four times the expected decline.

World leaders convened in Hamburg, Germany for the 12th meeting of the G20 Friday, with the two-day summit of leaders from the world's biggest economies likely to address the escalating threat of North Korea, global trade and climate change.

North Korea has been on the world's radar after launching an intercontinental ballistic missile on July 4 that it says is able to carry a large nuclear warhead. The U.S. Defense Department believes the missile could reach as far as Alaska and possibly other parts of the North American mainland.

President Donald Trump and Russian President Vladimir Putin will meet on the sidelines of the summit to discuss, among other things, sanctions against Russia and the country's involvement in the fight against so-called Islamic State. Meeting outcomes will be closely dissected as the Trump White House continues to battle allegations of collusion with the foreign government during the 2016 election.

Berkshire Hathaway Inc. (BRK.A) - Get Report (BRK.B) - Get Report announced early Friday its plans to purchase bankrupt company Energy Future for $9 billion. The deal also includes the purchase of Energy Future's Oncor Electric Delivery Company, giving it an equity value of roughly $11.25 billion.

The entire deal, including deal, has an enterprise value of around $18 billion.

Texas regulators had previously blocked two previous attempts by others to purchase Oncor. The company is one of the biggest power transmission networks in the U.S., according to Reuters.

Campbell Soup Co. (CPB) - Get Report rose nearly 2% in premarket trading after acquiring organic soup company Pacific Foods for $700 million. Pacific will slot into Campbell's Americas Simple Meals and Beverages unit.

Tesla Inc. (TSLA) - Get Report bounced back in premarket trading on Friday after briefly entering bear market territory on Thursday, July 6. The electric automaker has slumped in recent days: first, after disappointing second-quarter deliveries data and then, after failing to secure a safety award from the Insurance Institute of Highway Safety.

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