US STOCKS-Wall Street to open lower in wake of weak jobs data

lunes 6 de abril de 2015 08:34 GYT
 

* Herbalife shares fall after investigation report

* Readings on U.S. services sector due after the open

* Futures off: Dow 129 pts, S&P 14.5 pts, Nasdaq 30 pts (Adds upcoming data, Uniqure, Qualcomm, Tesla; updates prices)

By Rodrigo Campos

NEW YORK, April 6 (Reuters) - U.S. stock index futures fell in low volume on Monday, putting Wall Street on track for a lower open on the first trading session since Friday's surprisingly weak jobs data.

* Labor Department data showed U.S. employers last month added the fewest jobs in more than a year. The rise of 126,000 jobs was well below economists' expectations for a gain of 245,000.

* The jobs data was released on Good Friday, when Wall Street was closed. Major European markets were closed from Friday through Monday for the Easter holiday, and were set to reopen Tuesday.

* The weak data eased some concerns that the U.S. dollar would continue to strengthen and further pressure earnings of companies with international exposure. It also pushed expectations of a rate hike from the Federal Reserve further down the road.

* However, investors are concerned that a patch of soft economic data, including jobs, factory activity and consumer spending, may point to more than a weather-related slowdown and could indicate a loss of momentum in the U.S. economy.   Continuación...