DJIA futures down 17 points (Il Sole 24 Ore Radiocor) - New York, 07 Jun - US futures were in limbo ahead of the latest nonfarm payrolls report that could provide insight into where US interest rates are heading.

Wall Street ended flat yesterday leaving the main indexes close to the highs hit in recent days. The S&P 500 was virtually unchanged while the Dow closed up 0.2% and the tech-heavy Nasdaq fell 0.1%.

Investors will be looking at today's payrolls report for confirmation of recent data pointing to a softening labor market. Expectations are that 170,000 jobs were created last month, slightly up from the 167,000 created the previous month. Wages are expected to have grown 3.9% on a year-on-year basis.

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.

Yesterday the ECB became the first major central bank to cut its rates in the current cycle.

On the stocks front shares in video game retailer GameStop jumped in premarket trade on news investor Keith Gill, also known as "Roaring Kitty," has scheduled a livestream video on YouTube for today.

Nvidia was little moved after its recent record highs on the day the chipmaker is executing its 10-1 stock split. DocuSign was down more than 6% after disappointing first-quarter results.

Futures on the Dow Jones were down 17.00 points, or 0.04%, S&P 500 futures were down 4.25 points, or 0.08%, while futures on the Nasdaq were 2.50 points, or 0.01%, higher.

AAA-Sje

(RADIOCOR) 07-06-24 13:48:29 (0353) 5 NNNN