US futures down on European data, weak jobs report

US stock market futures down after disappointing ADP jobs report, weak European economic data

Associated Press
Discouraging jobs news leaves stock prices mixed

View photo

In an April 6, 2012 photo trader Christopher Morie works on the floor of the New York Stock Exchange. Wall Street was poised for further modest gains Wednesday May 2, 2011, a day after the Dow Jones industrial average closed at its highest mark since 2007. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. stock market futures are down after disappointing data on Europe's economy and a report showing slowing job growth at home.

Dow Jones industrial average futures are slipped 0.44 percent to 13,160. Standard & Poor's 500 futures are off 0.54 percent to 1,392. Nasdaq 100 futures are down 0.52 percent to 2,704.

Earlier, reports showed record high unemployment in the 17 countries that use the euro. In the U.S., the payroll processor ADP said new jobs created in April were far below expectations.

European markets are losing ground. Germany's DAX is down 0.42 percent. France's CAC 40 is up 0.11 percent. Britain's FTSE 100 is down 0.7 percent.

U.S. stocks to watch include Comcast Corp., CVS Caremark Corp., and MasterCard Inc., which all reported strong first-quarter results.

View Comments (0)