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Stock futures creep higher ahead of jobs report

Fri Aug 28, 2009 6:45 AM EDT
us-news, business, us, wall-street, wall, street, as-september
Sara Lepro, AP Business Writer
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<p>Traders work the floor of the New York Stock Exchange Friday, Aug. 28, 2009, in New York. Stocks were mixed in early trading Friday as technology shares got a boost from a rosy sales outlook from Intel Corp.(AP Photo/Frank Franklin II)</p>

Traders work the floor of the New York Stock Exchange Friday, Aug. 28, 2009, in New York. Stocks were mixed in early trading Friday as technology shares got a boost from a rosy sales outlook from Intel Corp.(AP Photo/Frank Franklin II)

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NEW YORK — Stock futures are creeping higher as investors await the government's key report on unemployment.

The early advance in futures follows gains in overseas markets Friday encouraged by a modest rise in U.S. stocks a day earlier that ended a four-day streak of losses.

The August jobs report, which is due before the opening bell, is the month's most important piece of economic data. Investors who have become more nervous about the economy's recovery in recent weeks not only want to see job losses continue to slow, but signs that jobs are actually being created.

Ahead of the market's open, Dow Jones industrial average futures are up 20 at 9,350. Standard & Poor's 500 index futures are up 3 at 1,004, while Nasdaq 100 index futures are up 7 at 1,611.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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