Futures dip ahead of jobs report; trading light

US stock futures, global markets slip ahead of US employment report for May

Associated Press
Stock market rises sharply after hiring picks up

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In this Thursday, May 23, 2013, photo, Trader VIncent Quinones, center, works on the floor of the New York Stock Exchange at the close of trading.Stock markets were volatile on Friday June 7, 2013 as investors awaited a key U.S. jobs report for clues on how much longer the Federal Reserve will keep providing stimulus to the world's largest economy. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. futures and global markets are falling ahead of a crucial jobs report from the Labor Department.

Trading is light Friday, as it has been all week, with so many investors taking a wait-and-see approach before the May employment report, due at 8:30 a.m. Eastern.

Dow Jones industrial futures are down 19 points to 15,017. S&P futures have given up 1 point to 1,621.30. Nasdaq futures are down 3.5 points to 2,946.

While economists predict that the U.S. added 170,000 jobs in May, fresh doubts have seeped into the market because of some flat hiring numbers at factories and in the services sector.

Markets have been volatile all week, suffering both their worst two-day losses of the year and then, Thursday, the biggest gain in three weeks.

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