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U.S. futures steady, eyes on ISM report; Dow Jones down 0.08%

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Investing.com - U.S. stock futures pointed to a steady open on Monday, ahead of U.S. data later in the day after Friday's disappointing U.S. jobs report eased expectations for the Federal Reserve to soon scale back its bond-buying program.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.08% dip, S&P 500 futures signaled a 0.09% loss, while the Nasdaq 100 futures indicated a 0.01% slip.

Official data on Friday showed that the U.S. economy added 162,000 jobs in July, less than the 184,000 increase forecast by economists. June's figure was revised down to 188,000 from a previously reported 195,000.

The unemployment rate ticked down to 7.4% from 7.6% in June, as more people left the labor force.

Apple was expected to be active, after the Obama administration decided over the weekend to veto an import ban on some of the tech giant's products in the U.S., dealing a blow to rival Samsung Electronics.

Apple shares were up 0.29% in pre-market trade.

In the same sector, Dell slipped 0.22% in early trading after the company's special committee and the buyout group led by Michael Dell reached an agreement on Friday that would help clear passage of the buyout deal.

Elsewhere, Facebook was likely to remain in focus as the social media giant climbed 0.79% in extended trading, boosted by Chief Executive Officer Mark Zuckerberg's repeated comments to investors, saying he's building a "mobile first" company.

Berkshire Hathaway was also slated to move after posting second-quarter earnings that exceeded analysts' projections.

Other stocks likely to be in focus included Dun and Bradstreet, Tesoro Logistics, Stone Energy and Plains All American, all scheduled to post results later in the day.

Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.25%, France's CAC 40 rose 0.30%, Germany's DAX edged up 0.18%, while Britain's FTSE 100 gained 0.20%.

During the Asian trading session, Hong Kong's Hang Seng Index added 0.14%, while Japan's Nikkei 225 Index plummeted 1.44%.

Later in the day, the Institute for Supply Management was to release its nonmanufacturing index.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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