The Hunt for the Next 10 Bagger

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U.S. stocks: Futures edge up; labor-market snapshot due
IEA cuts oil demand view
LONDON (MarketWatch) — U.S. stock futures signaled a higher open for Wall Street on Tuesday, with monthly reports on job openings and small businesses set to offer clues to the pace of economic recovery in the U.S.

Futures for the Dow Jones Industrial Average DJU4 +0.13% gained 24 points, or 0.2%, to 16,540, while those for the S&P 500 index SPU4 +0.27% rose 3.8 points, or 0.2%, to 1,936.30. The Nasdaq 100 index NDU4 +0.15% slipped 6 points, or 0.2%, to 3,911.25.

The Bureau of Labor Statistics will release its June job openings and labor turnover survey, or JOLTS, at 10 a.m. Eastern Time. The report “has garnered more attention lately, as Fed Chair [Janet] Yellen often cites the survey when assessing the state of the labor market,” Credit Suisse noted late last week.

Details will include the number of workers who were hired, fired or laid off, or who quit their jobs, in June. JOLTS data for May showed monthly job openings hit 4.6 million, compared with 4.3 million when the recession started at the end of 2007.

The National Federation of Independent Business will release its July gauge of small businesses, which account for the bulk of U.S. employment, at 7:30 a.m. Eastern Time. The NFIB’s gauge of small-business optimism fell in June. http://www.marketwatch.com/story/us-stocks-futures-edge-up-labor-market-snapshot-due-2014-08-12?dist=beforebell