U.S. Stock-Index Futures Decline Before Monthly Jobs ReportSrinivasan Sivabalan
U.S. stock-index futures declined, after equities dropped for a third day, as investors awaited a monthly report on U.S. jobs to gauge the health fo the world’s largest economy.
Futures on the Standard & Poor’s 500 Index expiring this month fell 0.2 percent to 1,993.8 at 9:09 a.m. in London. Contracts on the Dow Jones Industrial Average lost 28 points, or 0.2 percent, to 17,051.
The S&P 500 gained 3.8 percent in August, the biggest increase since February, and topped 2,000 for the first time amid positive economic data and investor expectations that central banks will continue to support the economic recovery.
A Labor Department report at 8:30 a.m. in Washington may show that employers hired 230,000 workers in August, after adding 209,000 in July, according to a Bloomberg survey of economists. That would be the seventh straight month of gains in excess of 200,000.