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US Stock Futures Down; Nonfarm Payrolls Data In Focus

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US stock futures are lower this morning, as investors are awaiting nonfarm payrolls data. Futures for the Dow Jones Industrial Average dipped 103 points to 12,280.00 and S&P 500 index futures fell 15.50 points to 1,293.70. Nasdaq 100 futures dropped 24.75 points to 2,499.25.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.21% to 12,393.45, the S&P 500 index declining 0.23% to 1,310.33 and the Nasdaq 100 index falling 0.35% to 2,827.34.

US payrolls figures for May will be released at 8:30 a.m. ET. Data on April personal income and consumer spending will also be released at 8:30 a.m. ET. The Institute for Supply Management's index will be released at 10 a.m. ET. Data on April construction spending will also be released today.

Charming Shoppes Inc (NASDAQ: CHRS) is expected to post its Q1 EPS at $0.18 on revenue of $493.88 million. Modine Manufacturing Company (NYSE: MOD) is projected to post its Q4 earnings at $0.23 per share on revenue of $406.38 million.

Graham Corp (NYSE: GHM) is estimated to post its Q4 earnings at $0.06 per share on revenue of $20.31 million.

US auto makers are scheduled to announce sales figures for May today.

OmniVision Technologies Inc (NASDAQ: OVTI) issued downbeat adjusted earnings forecast for the first quarter.

Vera Bradley Inc (NASDAQ: VRA) posted stronger-than-expected Q1 results.

European markets were lower today. The STOXX Europe 600 Index dropped 1.11%, French CAC 40 index fell 1.34%. London's FTSE 100 Index moved down 0.45% and German DAX 30 index declined 1.98%. The purchasing managers' index for Britain's manufacturing sector declined to a 3-year low in May.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 1.20%, China's Shanghai Composite rising 0.05% and Australia's S&P/ASX 200 moving down 0.41%. Hong Kong's Hang Seng index fell 0.38% and India's Sensex declined 1.71%.

Nymex crude-oil futures declined $1.51 to $85.02 a barrel. However, gold futures dropped $10.30 to $1.552.30 an ounce.

The dollar index (DXY) rose 0.3% to 83.317. The euro declined 0.39% against the US dollar to trade at $1.2315.

The US dollar declined 0.25% versus the Japanese yen to trade at ¥78.12.

Posted-In: US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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