Why U.S. Stock Futures Are Down Ahead Of Key Jobs Report For June

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Thursday ahead of the much-awaited jobs report for June. US jobs report for June is scheduled for release at 8:30 a.m. ET. Analysts expect a 270,000 rise for nonfarm payrolls in June, compared with a better-than-expected 390,000 growth in May. Average hourly earnings are likely to increase 0.3% on the month, versus 0.3% gains in both May and April. The unemployment rate, however, is expected to remain unchanged at 3.6% in June. Data on wholesale inventories for May will be released at 10:00 a.m. ET, while data on consumer credit for May will be released at 3:00 p.m. ET. New York Fed President John Williams is set to speak at 8:30 a.m. ET. Check out this: GameStop, Levi Strauss And 3 Stocks To Watch Heading Into Friday Futures for the Dow Jones Industrial Average dropped 112 points to 31,255.00 while the Standard & Poor’s 500 index futures fell 16.50 points to 3,888.50. Futures for the Nasdaq index fell 61 points to 12,077.50. Oil prices traded lower as Brent crude futures fell 0.4% to trade at ... Full story available on Benzinga.com