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Thursday, 07/03/2014 7:24:22 AM

Thursday, July 03, 2014 7:24:22 AM

Post# of 640606
U.S. stocks: Futures gain with jobs report in sight
Equities trading to end early for July 4th holiday

LONDON (MarketWatch) — U.S. stock futures posted slight gains Thursday, with investors ready for results from the widely watched U.S. labor-market report before they wrap up the holiday-shortened week.

Futures for the Dow Jones Industrial Average (CBE:DJU4) rose 16 points, or 0.1%, to 16,915, while those for the S&P 500 index (GLC:SPU4) tacked on 2 points to 1,969. The Nasdaq 100 index (GLC:NDU4) picked up 5 points for 3,895.

The marquee event in Thursday’s session comes at 8:30 a.m. Eastern Time, when the U.S. Labor Department releases its nonfarm-payrolls data. The report has been moved up a day due to the July 4th holiday. Analysts polled by MarketWatch expect the addition of 215,000 jobs in June and the unemployment rate to remain at 6.3%. In May, the economy created 217,000 jobs.

“Market participants should be prepared for yet another solid employment report. Our statistical model estimates that 290,000 net new positions were created in June, while the civilian jobless rate moved one tick lower at 6.2%,” said Michala Marcussen, global head of economics at Société Générale, in a Thursday note. http://www.marketwatch.com/story/us-stocks-futures-gain-with-jobs-report-in-sight-2014-07-03

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