DJIA futures up 0.09% (Il Sole 24 Ore Radiocor) - New York, 05 Sep - US futures were seeking direction after two straight days of losses as investors prepared for a series of jobs data that could help inform where interest rates are heading.

Wall Street closed mainly lower yesterday on the back of losses for tech and oil stocks. The S&P 500 fell 0.16% and the Nasdaq closed down 0.30% while the Dow managed to eke out gains, up 0.09%.

As inflation eases, investors are turning their attention to slower economic growth and mounting uncertainty over labor market prospects.

Several Federal Reserve policymakers have pointed to the jobs market as a key cause for concern, signalling a cut in interest rates might be appropriate as a way to support employment. Data yesterday showed job openings in the US had unexpectedly dropped in July indicating hiring could well start to cool off in coming months.

Attention today is on the latest week of jobless claims and August's ADP report on private sector employment ahead of tomorrow's key nonfarm payrolls report.

Investors are currently betting on a 25, or even 50, basis point cut at the central bank's next monetary policy meeting this month.

On the stocks front, shares in Tesla were up 2.6% in premarket trade after the EV maker said it plans to launch fully self-driving cars in Europe and China next year while AI software maker C3.ai was down 18% after disappointing quarterly results.

Companies reporting earnings today include Broadcom and Docusign.

Futures on the Dow Jones were up 30.00 points, or 0.07%, S&P 500 futures were up 2.00 points, or 0.04%, while futures on the Nasdaq were 23.25 points, or 0.12%, lower.

AAA-Sje

(RADIOCOR) 05-09-24 13:40:08 (0324) 5 NNNN