Stock Futures Lower In First Reaction To Job DataApril 9th, 2012 11:49 am Associated Press
NEW YORK (AP) — Stocks appear headed for a lower open when Wall Street gets its first chance to react to disappointing job figures for March.
Dow Jones industrial average futures are off 110 points and back below 13,000, at 12,868. Standard & Poor’s 500 futures are down 14 points at 1,375. Nasdaq 100 futures are lower by 28.
In Asia, benchmark stock indexes lost more than 1.5 percent in Tokyo and Seoul. It’s a market holiday for much of Europe.
On Friday, the U.S. government reported that the country added 120,000 jobs in March, about half the pace for the previous three months. The U.S. stock market was closed, so Monday will be investors’ first chance to trade on the news.