US STOCKS-Futures sharply lower ahead of payroll report

viernes 1 de agosto de 2014 07:19 GYT

* Futures point to second day of sharp losses

* Investors look to payrolls for insight into rate policy

* Tesla, GoPro both slip in premarket after results

* Futures down: Dow 96 pts, S&P 11 pts, Nasdaq 24.25 pts

By Ryan Vlastelica

NEW YORK, Aug 1 (Reuters) - U.S. stock index futures were sharply lower on Friday amid investor caution ahead of the July payroll report and its implications for interest rate policy.

* The decline in futures suggested that Thursday's dramatic selloff - the biggest for Wall Street in months - was poised to continue. That weakness came after data sparked worries the U.S. Federal Reserve could raise interest rates sooner than some have expected.

* Analysts expect 233,000 jobs to have been added in July, with the unemployment rate holding at 6.1 percent. The nonfarm payroll report will be released at 8:30 a.m. (1230 GMT)

* The Fed has kept overnight rates near zero since December 2008, but at its meeting on Wednesday it took note of both faster economic growth and a decline in the unemployment rate, while expressing concern about remaining slack in the labor market.   Continuación...