US stock futures dip ahead of economic data
NEW YORK (AP) — U.S. stock futures are slightly lower ahead of updates on the health of the job market and manufacturing industry.
Economic reports have often been discouraging since the spring, and weak data helped knock the S&P 500 index down by 1.4 percent last month.
Later Wednesday, payroll processor ADP will give an update on how many jobs private companies added last month. It may offer a preview of the government's more comprehensive report on Friday.
Economists expect another report from the Institute for Supply Management to show the manufacturing industry is still growing, but at a slower pace.
Ahead of the opening bell, Dow Jones industrial average futures are down 13 at 12,545. S&P 500 futures are down 1.10 points at 1,342.80. Nasdaq 100 futures are down 3 at 2,368.75.