US STOCKS-Futures up as jobs data lifts investor confidence

lunes 11 de julio de 2016 07:24 GYT
 

* Futures up: Dow 66 pts, S&P 6.5 pts, Nasdaq 22.25 pts

By Yashaswini Swamynathan

July 11 (Reuters) - U.S. stock index futures were higher on Monday after a stunning monthly jobs report boosted investor confidence, sending the S&P 500 within striking distance of its record high.

* The June payrolls data on Friday assuaged fears that a dismal showing in May was just an aberration and not indicative of weakness in the U.S. labor market.

* Wall Street closed sharply higher on Friday, with the S&P closing just 5 points away from its all-time high of 2,134.72.

* Investors are now focusing on second-quarter corporate results, which will be kicked off by Alcoa. The metals company reports after markets close.

* Earnings are expected to fall 3.9 percent in the quarter compared with the year-earlier quarter, according to Thomson Reuters data. First-quarter earnings had fallen 5 percent.

* Investors will watch for comments from company executives, especially those of big banks later this week, on the impact of Britain's vote to leave the European Union.

* Investors are also betting on the U.S. Federal Reserve to be cautious on raising interest rates as it gauges the economy's ability to absorb a hike amid the uncertainty sparked by the Brexit vote.   Continuación...