US stocks point to lower open ahead of jobs report
Stocks appear to be headed toward a lower opening as traders await the government's key employment report for May.
The jobs report will cap a week in which weak economic news prompted the Dow Jones industrial average's largest drop in nearly a year. Weak reports on private hiring, industrial growth and claims for unemployment benefits caused analysts to lower their projections for economic growth in the second quarter.
Major retailers reported disappointing sales results on Thursday as high fuel and food prices continued to weigh on consumer sentiment.
Ahead of the opening bell, Dow futures are down 33 points, or 0.3 percent, at 12,205. Standard & Poor's 500 futures are down 4, or 0.3 percent, at 1,309. Nasdaq 100 futures are down 8, or 0.3 percent, at 2,318.