Advertisement

You will be redirected to the page you want to view in  seconds.

US stock futures drift lower on Wall Street

9:49 AM, Jun. 4, 2014  |  Comments
In this March 27, 2014 photo, rows of Mercedes-Benz cars and SUVs await distribution at the company's Vehicle Processing Center in Baltimore. The Commerce Department reports on the U.S. trade deficit for April on Wednesday, June 4, 2014. (AP Photo/Patrick Semansky)
In this March 27, 2014 photo, rows of Mercedes-Benz cars and SUVs await distribution at the company's Vehicle Processing Center in Baltimore. The Commerce Department reports on the U.S. trade deficit for April on Wednesday, June 4, 2014. (AP Photo/Patrick Semansky)
  • Filed Under

NEW YORK (AP) - U.S. stock futures are drifting lower Wednesday after a report revealed a pullback in hiring last month, and the U.S. trade deficit jumped to a two-year high.

KEEPING SCORE: Less than an hour before the opening bell, Dow Jones industrial average futures are down 25 points to 16,688. Standard & Poor's 500 index futures are off four points to 1,918 while Nasdaq 100 futures are down nine points to 3,721.

JOB WATCH: The payroll processor ADP said U.S. businesses slowed their hiring, adding 179,000 workers to their payrolls in May. That's the weakest hiring in four months. The report suggests the government's monthly jobs report, due out Friday, could reveal a modest slowdown in hiring. Economists believe employers added 220,000 jobs in May, which is a pullback from April, which ended with a surprisingly strong 288,000 job additions.

PAYOUT: UnitedHealth Group is raising its dividend later this month. The country's largest health insurance company said it will pay a quarterly dividend of 37.5 cents per share, up from 28 cents per share. The company's stock inched up 60 cents to $80.48 in premarket trading.

MISSED: Shares in FuelCell Energy sank 14 percent in premarket trading after the company posted a wider loss than analysts had expected late Tuesday. The company's stock fell 34 cents to $2.03

EUROPE: Germany's main stock index, the DAX, is down 0.3 percent, while France's CAC 40 shed 0.3 percent. Britain's FTSE 100 is down 0.4 percent.

BONDS AND COMMODS: In the market for U.S. government bonds, the yield on the 10-year Treasury dipped to 2.57 percent from 2.60 percent late Tuesday. The price of oil rose 64 cents to $103.30 a barrel.

What's your take on the Packers Family Night change?

Retrieving results.
Watching practice is fine.(Your vote)
15%
572 votes
I'd rather watch a scrimmage.(Your vote)
22%
850 votes
I don't want to pay to watch practice.(Your vote)
27%
1011 votes
It doesn't matter to me.(Your vote)
34%
1268 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports