Indications: U.S. stock futures muted after jobs data

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By Steve Goldstein and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures were slightly higher Friday after an initial pop in the aftermath of the monthly payrolls report, which offered a mixed message ahead of Wall Street's start.

The government reported June payrolls climbed by 83,000 in the private sector, while the unemployment rate fell to 9.5% from 9.7% in May.

"The mix of data won't give clear direction to the markets, and the bar was set pretty low; but we see the report on the weak side," said analysts at Action Economics.

S&P 500 futures rose 1.3 points to 1,023.10 and Nasdaq 100 futures rose 5.5 points to 1,735.5. Futures on the Dow Jones Industrial Average rose 12 points to 9,674.

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U.S. stocks finished weaker Thursday, though off the session's worst levels, following data showing growing jobless claims, slowing manufacturing growth in the U.S. and China as well as a plunge in pending home sales. The S&P 500 finished 0.3% lower to close at its worst level since early September 2009.

After the surprise jobless claims increase as well as the slow private-sector jobs growth reported by ADP, markets were on alert for a weak report on employment.

Yields on the 10-year Treasury fell to 2.916%.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.2587, +0.0072, +0.5753%) pulled above $1.26, while oil futures traded below $73 a barrel. Read how BP oil spill could push oil to $90 a barrel in 2011.

Also in the spotlight will be Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 440.20, +0.71, +0.16%) after the search giant said late Thursday it's going to buy ITA Software, a flight information software firm, for $700 million, though the deal is likely to attract antitrust scrutiny.

Walt Disney /quotes/comstock/13*!dis/quotes/nls/dis (DIS 31.36, -0.13, -0.41%) late Thursday said it's purchased Tapulous, a maker of games for the iPhone, for an undisclosed price.

Dell /quotes/comstock/15*!dell/quotes/nls/dell (DELL 12.09, +0.06, +0.50%) also announced a deal for a privately held company, saying it will buy a data center infrastructure software firm called Scalent for an undisclosed price.

Most overseas stock markets registered small gains, with the Stoxx Europe 600 index up 0.5% and the Nikkei 225 up 0.1%.

Steve Goldstein is MarketWatch's London bureau chief. Kate Gibson is a reporter for MarketWatch, based in New York.

NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Jul 2, 2010 :

STOCKS TRADING ON NYSE Arca AT A PRICE 15% OR MORE AWAY FROM
THE PREVIOUS TRADE DAY'S CONSOLIDATED CLOSE PRICE (AS OF 08:30:00 ET)

Stock Thursday's Close Current Price Pct Change Current NYSE ARCA Vol
No symbols with at least a 15% price change today

10 MOST ACTIVE STOCKS ON NYSE ARCA AS OF 08:30:00 ET

BASED ON DOLLARS TRADED: | BASED ON SHARES TRADED:
Stock $ Volume Price PctChg | Stock Share Vol Price PctChg
SPY $145135554 $103.08 0.3% | C 1,476,472 $3.79 0.4%
GLD $15,298,897 $117.64 0.5% | SPY 1,409,928 $103.08 0.3%
AAPL $12,974,629 $248.48 0.0% | BP 388,654 $29.82 1.4%
BP $11,610,950 $29.82 1.4% | TZA 188,725 $8.20 ( 1.9%)
IWM $6,717,406 $60.85 0.3% | GLD 129,603 $117.64 0.5%
C $5,602,697 $3.79 0.4% | SDS 112,955 $37.70 ( 0.6%)
QQQQ $4,355,400 $42.71 0.3% | IWM 110,759 $60.85 0.3%
SDS $4,268,289 $37.70 ( 0.6%) | QQQQ 102,027 $42.71 0.3%
BHP $4,011,676 $63.56 1.7% | VZ 87,702 $26.96 ( 4.1%)
EEM $2,873,969 $37.65 0.2% | FAS 76,986 $18.86 0.8%

Price changes may be affected by symbol splits and dividends.

Consolidated close price is the last print (excluding prints with trade
conditions) prior to 4PM ET.

This information is also updated on our web page every morning at 8:35ET:
http://www.tradearca.com/data/volume/daily_update.asp

This material is for informational purposes only.
NYSE Euronext and its affiliates ("NYSE Arca") are not soliciting any action based upon it.
This material is not to be construed as an offer to buy or sell any security in any jurisdiction where such an offer or solicitation would be illegal.
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Indications: U.S. stock futures in tight range before jobs data

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By Steve Goldstein, MarketWatch

LONDON (MarketWatch) -- U.S. stock futures held to a tight range Friday ahead of the key monthly payrolls report as traders look for confirmation of the grim economic data that's been released this week.

S&P 500 futures rose nine-tenths of a point to 1,022.70 and Nasdaq 100 futures added 3.75 points to 1,731.70. Futures on the Dow Jones Industrial Average rose 4 points.

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U.S. stocks finished weaker Thursday, though off the session's worst levels, following data showing growing jobless claims, slowing manufacturing growth in the U.S. and China as well as a plunge in pending home sales. The S&P 500 finished 0.3% lower to close at its worst level since early September 2009.

After the surprise jobless claims increase as well as the slow private-sector jobs growth reported by ADP, markets are on alert for a weak report on employment, due from the Labor Department at 8:30 a.m. Eastern.

The loss of temporary census workers in any event is likely to show a monthly decline in nonfarm employment for the first time since December.

"If we get a -200,000 figure or worse, then despite very low 10-year Treasury yields, these could easily fall another 10 basis points or so," said Rob Carnell, an economist at ING in London.

Yields on the 10-year Treasury slipped 2 basis points to 2.94%.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.2508, -0.0007, -0.0559%) held above $1.25, while oil futures traded below $73 a barrel.

Also in the spotlight will be Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 439.49, -5.46, -1.23%) after the search giant said late Thursday it's going to buy ITA Software, a flight information software firm, for $700 million, though the deal is likely to attract antitrust scrutiny.

Walt Disney /quotes/comstock/13*!dis/quotes/nls/dis (DIS 31.49, -0.01, -0.03%) late Thursday said it's purchased Tapulous, a maker of games for the iPhone, for an undisclosed price.

Dell /quotes/comstock/15*!dell/quotes/nls/dell (DELL 12.03, -0.03, -0.25%) also announced a deal for a privately held company, saying it will buy a data center infrastructure software firm called Scalent for an undisclosed price.

Most overseas stock markets registered small gains, with the Stoxx Europe 600 index up 0.2% and the Nikkei 225 up 0.1%.

Steve Goldstein is MarketWatch's London bureau chief.