US stock futures point to lower opening, data eyed

Fri Sep 5, 2008 3:47pm IST
 
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* U.S. stock index futures pointed to a lower opening on Wall Street on Friday, following the biggest fall in more than two months on Thursday. The S&P500 .SPX and Dow Jones .DJI fell 3 percent, while the Nasdaq .IXIC lost 3.2 percent on Thursday amid unemployment and growth worries.

* By 0950 GMT, S&P 500 futures SPc1, Dow Jones futures DJc1 and Nasdaq 100 futures NDc1 are down between 0.4 percent and 0.5 percent.

* The major macroeconomic indicator in the US to be released on Friday is the non-farm payroll figures for August, due at 1230 GMT. Payroll numbers are expected to decline by 75,000, according to Reuters forecasts.

* U.S. crude oil futures CLc1 are down at $106.50, on worries about weaker demand due to the U.S. economy.

* Altria Group Inc (MO.N: Quote, Profile, Research) is in advanced talks to buy Skoal and Copenhagen smokeless tobacco maker UST Inc (UST.N: Quote, Profile, Research) for $10 billion, the New York Times said on Friday, citing people close to the negotiations.

* The Wall Street Journal said that Dell (DELL.O: Quote, Profile, Research) had approached contract computer manufacturers with offers to sell its factories worldwide.

* Quiet day on the earnings side, with only National Semiconductor (NSM.N: Quote, Profile, Research) of the major companies due to report. (Reporting by Brian Gorman; Editing by Greg Mahlich)

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