S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
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* Futures: Dow 0.64%, S&P 0.44%, Nasdaq off 0.22%
Sept 4 (Reuters) - Futures tracking the S&P 500 and Dow
indexes bounced on Friday after Wall Street's worst session
since June, with attention turning to the crucial jobs report
that is likely to show a faltering recovery in the labor market.
The Labor Department's report is expected to show 1.40
million U.S. jobs created last month, down from 1.76 million in
July, as the government's coronavirus aid ran out and companies
from transportation to industrials announced layoffs or
furloughs. The data, expected at 8:30 a.m. ET (1230 GMT), could add
pressure on the White House and Congress to restart stalled
negotiations over the next coronavirus relief package.
After climbing to record highs on the back of historic
stimulus and a rally in technology stocks, the benchmark S&P 500
.SPX and tech-heavy Nasdaq .IXIC suffered their worst day in
nearly three months on Friday as investors booked gains.
At 6:18 a.m. ET, Nasdaq 100 e-minis NQcv1 were down 26
points, or 0.22%. Dow e-minis 1YMcv1 were up 181 points, or
0.64%, and S&P 500 e-minis EScv1 were up 15.25 points, or
0.44%.
Apple Inc AAPL.O , Microsoft Inc MSFT.O , Amazon.com Inc
AMZN.O and Tesla Inc TSLA.O , which bore the brunt of
Thursday's losses, were flat to marginally lower in early
premarket trading.
Shares of rate-sensitive bank stocks including Bank of
America Corp BAC.N , Citigroup Inc C.N , JPMorgan Chase & Co
JPM.N rose between 1.3% and 1.8% as the benchmark 10-year
US10YT=RR yield bounced off of a near four-week low. US/