DJIA futures up 40 points (Il Sole 24 Ore Radiocor) - New York, 05 Jun - US futures were higher as investors braced for more jobs data and earnings that could shed further light on the state of the economy and the US consumer.

Wall Street ended in the green yesterday after a report suggested the labour market could be cooling. The Dow closed up 0.4%, the S&P 500 rose 0.2% while the tech-heavy Nasdaq finished 0.2% higher.

Today the market will be watching private sector job creation data after a job openings report yesterday came in well below expectations at its lowest level in more than three years.

The reports will serve as a precursor for the key payrolls report due on Friday.

Strong labor market readings have stoked concern the Federal Reserve may have to keep interest rate cuts higher for longer as it strives to bring inflation down.

Manufacturing has been hit hard by high interest rates aimed at taming inflation with many businesses choosing to delay investment cycles to conserve cash.

The market will today watch two non-manufacturing sector reports to see how the services industry is holding up.

The treasuries market meanwhile is steady after yields yesterday slipped further to post their largest two-day drop this year.

On the stocks front, earnings reports from the likes of Campbell Soup, Dollar Tree, Lululemon and CostCo will offer fresh insight into the health of the consumer.

Shares in Hewlett Packard were up 14.5% in premarket trade after the server and cloud-software company beat earnings forecasts, while cybersecurity company CrowdStrike rose nearly 9% after it reported a jump in quarterly revenue.

Futures on the Dow Jones were up 40.00 points, or 0.10%, S&P 500 futures were up 10.25 points, or 0.19%, while futures on the Nasdaq were 75.70 points, or 0.40%, higher.

AAA-Sje

(RADIOCOR) 05-06-24 13:43:15 (0369) 5 NNNN