U.S. stock futures slipped, signaling the Standard & Poor’s 500 Index may extend losses following its worst weekly drop since June. Oil and gold fell.
Futures on the S&P 500 Index expiring in December were down 0.2 percent at 1,431.80 as of 6:22 p.m. in New York. Gold for immediate delivery decreased 0.2 percent to $1,768.55 an ounce and oil slipped 0.5 percent to $91.74 a barrel after last week touching a two-month low. The Dollar Index (DXY), a gauge of the currency against six major peers, was little changed at 79.94.
The S&P 500 lost 1.3 percent to 1,440.67 last week amid concern Europe’s debt crisis may worsen and stimulus measures may not be enough to boost economic growth.
China’s manufacturing contracted for an 11th straight month, a private survey found, increasing pressure on the government to bolster growth in the world’s second-largest economy. The purchasing managers’ index from HSBC Holdings Plc and Markit Economics was at 47.9 for September from 47.6 in August. Export orders declined at the fastest pace in 42 months and purchasing activity in manufacturing fell for a fifth month, the Sept. 29 report showed.
An Oct. 5 Labor Department report is forecast to show the U.S. jobless rate rose to 8.2 percent last month from 8.1 percent in August, according to the median forecast of 62 economists surveyed by Bloomberg. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report may also show.
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