Why US Stock Futures Are Trading Lower; Crude Oil Down 2%

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Monday following the release of jobs report on Friday. The US economy added 372,000 payrolls in June, following a revised 384,000 growth in May. Analysts, however, were expecting for a 268,000 gain in jobs. Federal Reserve Bank of New York President John Williams will speak at 2:00 p.m. ET. Check out this: GameStop, Levi Strauss And 3 Stocks To Watch Heading Into Friday Futures for the Dow Jones Industrial Average dropped 127 points to 31,183.00 while the Standard & Poor’s 500 index futures fell 21.75 points to 3,879.50. Futures for the Nasdaq index fell 93.25 points to 12,058.75. Oil prices traded lower as Brent crude futures fell 1.9% to trade at $104.95 per barrel, while US WTI crude futures fell 2.3% to trade at $102.37 a barrel. The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections ... Full story available on Benzinga.com