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* Futures down: Dow 0.38%, S&P 0.33%, Nasdaq 0.37%
By Medha Singh
Feb 7 (Reuters) - U.S. stock index futures retreated on
Friday following a four-day run this week that lifted the Wall
Street's main indexes to record highs, with attention turning to
the crucial monthly jobs report.
The Labor Department's data is likely to show U.S. job
growth picked up in January, indicating the economy will
probably continue to grow moderately despite a deepening slump
in business investment. The report, due at 8:30 a.m. ET, follows a clutch of
positive economic data this week, including upbeat private
payrolls numbers last month.
The S&P 500 SPX is on course to wrap up its best week in
eight months as investors took comfort from China's efforts to
contain the spread of coronavirus and limit the economic damage
from the outbreak that has killed more than 600 people.
The new infections in mainland China on Thursday were down
from Wednesday and Tuesday's figures, but experts warned it was
too early to identify a trend. At 6:59 a.m. ET, Dow e-minis 1YMcv1 were down 110 points,
or 0.38%. S&P 500 e-minis EScv1 were down 11 points, or 0.33%
and Nasdaq 100 e-minis NQcv1 were down 34.75 points, or 0.37%.
More than 300 S&P 500 companies have reported fourth-quarter
results so far, of which about 70% have topped earnings
estimates, according to IBES data from Refinitiv. Earnings is
expected to have risen 2.1%.
Uber Technologies Inc UBER.N shares gained about 7% after
the ride-hailing company moved forward by a year its target to
achieve a measure of profitability to the fourth quarter of
2020. Boeing Co BA.N shares dropped 0.7% as flight testers
discovered another flaw in the software of its grounded 737 MAX,
though the firm said it would not extend the target date for the
plane's return to service. EBay Inc EBAY.O tumbled 7.2% after New York Stock Exchange
owner Intercontinental Exchange Inc (ICE) ICE.N said it had
decided to stop exploring deal options for the ecommerce
company. Intercontinental shares rose 2.6%.