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US STOCKS-S&P, Nasdaq futures edge higher following lackluster week; Boeing pressures Dow

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* Dow futures fall 0.68 pct as Boeing drops after planecrash

* S&P futures up 0.05 pct, Nasdaq futures rise 0.19 pct

* Apple rises after brokerage upgrades to "buy"

* Nvidia falls on $6.78 bln deal to buy Mellanox Tech

By Amy Caren Daniel

March 11 (Reuters) - The S&P 500 and Nasdaq futures eked outgains on Monday as investors took a cautious stance after a weakU.S. jobs report raised questions of slowing global growth,while a slide in planemaker Boeing's shares pressured Dowfutures.

Boeing CoBA.N tumbled 8.9 percent in premarket tradingafter many airlines grounded the world's biggest planemaker'snew 737 MAX 8 passenger jet following the second deadly crash injust five months. urn:newsml:reuters.com:*:nL3N20Y23F

The S&P 500 index .SPX is now nearly 7 percent away fromits record high hit on Sept. 20. The benchmark index ended theweek 2.2 percent lower, its biggest weekly decline since themarket tumbled at the end of 2018.

The U.S. report on Friday showed employment growth almoststalled in February, which added to economic fears that werealready fanned by a sharp fall in China's exports and after theEuropean Central Bank slashed growth forecasts for the regionlast week. urn:newsml:reuters.com:*:nUSN8EEFR0

As concerns of a slowing economy linger at the surface, theCommerce Department's retail sales data at 8:30 a.m. ET, will beclosely monitored.

The numbers are expected to show retail sales dipped 0.1percent in January after a shocking 1.2 percent fall in themonth before, which suggested a sharp slowdown at the end of2018.

In a bright spot, the Federal Reserve Chairman Jerome Powellstuck to his dovish message on Sunday. He said the central bankdoes "not feel any hurry" to change the level of interest ratesagain as it watches how a slowing global economy affectsconditions in the United States. urn:newsml:reuters.com:*:nL1N20X0BG

At 6:46 a.m. ET, Dow e-minis 1YMc1 were down 173 points,or 0.68 percent. S&P 500 e-minis ESc1 were up 1.5 points, or0.05 percent and Nasdaq 100 e-minis NQc1 were up 13.25 points,or 0.19 percent.

China and the United States are still working day and nightto achieve a trade deal that matches the interests of both sidesand the hopes of the world, including eliminating tit-for-tattariffs, a senior Chinese official said on Saturday. urn:newsml:reuters.com:*:nL3N20W02G

Apple IncAAPL.O rose 1.7 percent after Bank of AmericaMerrill Lynch upgraded the iPhone maker's shares to "buy" from"neutral" saying the pulling back in its shares present a buyingopportunity.

Nvidia CorpNVDA.O fell 1.4 percent after the chipmakersaid it will buy Mellanox Technologies LtdMLNX.O for morethan $6.78 billion in cash. The Israeli chip designer jumped 9.4percent. urn:newsml:reuters.com:*:nL3N20Y2EV

In other news, President Donald Trump on Monday will asklawmakers to hike spending for the military and the wall hewants to build on the U.S.-Mexico border and slash otherprograms in his 2020 budget. urn:newsml:reuters.com:*:nL1N20X08K

The Republican president's proposal, slated for release at11:30 a.m. (1530 GMT), is expected to be rejected by Congress. (Reporting by Amy Caren Daniel and Medha Singh in Bengaluru;Editing by Shounak Dasgupta) ((Amy.CarenDaniel@thomsonreuters.com ; within U.S.+1-646-223-8780; outside U.S. +91 80 6749 9250 ; ReutersMessaging: Amy.CarenDaniel.thomsonreuters.com@reuters.net))


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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