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Friday July 02, 05:01
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U.S. Stock-Index Futures Are Little Changed
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U.S. stock-index futures were little changed before a government report that may show employers added workers to their payrolls for a 10th consecutive month, helping fuel income growth and the economy.
Exxon Mobil Corp., the largest publicly traded oil company, declined.
Standard & Poor’s 500 Index futures expiring in September were unchanged at 1126.20 as of 7:38 a.m. in New York. The Dow Jones Industrial Average Index futures shed 5 to 10,295. Nasdaq-100 Index futures rose 1.50 to 1495.50.
``The next catalyst for the market to move will be second-quarter earnings,’’ said John Lynch, who oversees $248 billion as chief market strategist at Evergreen Investments, a unit of Wachovia Corp. in Charlotte, North Carolina.
The S&P 500 has lost 0.5 percent since last Friday, and is headed toward its third consecutive weekly decline. The Dow has dropped 0.4 percent while Nasdaq Composite Index is down 0.5 percent.
Exxon Mobil fell 22 cents to $44.37.
Apple Computer Inc. slid 5.4 percent to $30.55 in Germany after the maker of iMac personal computers and iPod music players said it expects to run out of current iMac computers in the next few weeks and its next-generation desktop computers won’t be available until September, about two months late.
(Bloomberg)
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