Stock index futures were little changed on Friday, following Wall Street's biggest two-day rally in three months and ahead of key labor market data that will show whether the economic recovery is on track.

Investors awaited non-farm payrolls figures, due at 8:30 a.m. EST (1330 GMT) and expected to show U.S. employers added 140,000 jobs in November after a rise of 151,000 jobs in October. The unemployment rate is seen remaining at 9.6 percent.

The U.S. economic conditions in the services sector as well as factory orders data are due at 10 a.m. EST (1500 GMT).

S&P 500 futures dipped 0.9 point and were slightly 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 gained 6 points, and Nasdaq 100 futures added 1 point.

Wall Street climbed for a second day Thursday as concerns about Europe's sovereign debt crisis waned, prompting investors to reverse bearish bets on the market. The S&P 500 <.SPX> rose 3.5 percent over the two sessions, its largest such advance since early September.

The benchmark closed at 1,221.53 on Thursday and faces strong technical resistance in the 1,225-1,230 area, which coincides with a recent two-year high and the 61.8 percent Fibonacci retracement of the index's slide from October 2007 to March 2009, a key technical indicator.

U.S.-based mining group Walter Energy Inc agreed to buy Canada's Western Coal Corp for about $3.25 billion to create the world's leading metallurgical coal producer.

European Union antitrust regulators have raided the offices of some pharmaceutical companies, including AstraZeneca Plc , suspected of colluding to block cheaper generic drugs from entering the market.

China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided Friday, a change that could pave the way for more interest rate increases and lending controls.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

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