The summit is set to feature a range of engaging and fruitful networking opportunities, as well as fascinating panel discussions
The Labor Department said employers decreased hiring for the third straight month, adding 115,000 workers, below forecasts of 170,000 jobs. The unemployment rate, however, ticked down to 8.1 percent.
Despite the disappointing report, declines in index futures were muted as investors interpreted the data as increasing the likelihood of more stimulus measures from the Federal Reserve, including another round of quantitative easing (QE).
“115,000 (jobs) increased the probability of QE3 and that is what people are looking for. The drop in the unemployment rate was actually an unhealthy drop. You had less people looking for work, which shows a bad sentiment,” said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank in Scottsdale, Arizona.
“There is little you can say about that number that was good, except for the fact that it might bring in the cavalry of the Federal Reserve for a third round.”
The S&P 500 suffered its first monthly decline of the year in April, and the benchmark index has struggled to convincingly pierce the key resistance level of 1,400 as investors have grappled with conflicting economic reports.
The index has found a support level at its 50-day moving average of 1,386.52, which will likely be tested on Friday.
S&P 500 futures fell 5.7 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 48 points, and Nasdaq 100 futures declined 9.5 points.
Investors may also be leery of placing big bets ahead of Sunday elections in Europe that could bring new leadership in France and Greece in a backlash against severe austerity measures.
The pan-European FTSEurofirst 300 index slipped 1.1 percent.
LinkedIn Corp jumped 9.7 percent to $120.06 in premarket trade after the social networking website raised its outlook and smashed quarterly revenue and profit expectations.
Of the 391 companies in the S&P 500 index reporting results, 68.3 percent have exceeded estimates, according to Thomson Reuters data through Thursday morning.
Estée Lauder Cos Inc dropped 4.1 percent to $61.50 in premarket after the company reported higher quarterly profit on Friday but gave a profit outlook disappointed Wall Street.
United Parcel Service Inc approved a new $5 billion share buyback and increased the amount of cash to about $5 billion to help fund its purchase of Dutch company TNT Express .
Fruit and fresh vegetable distributor Dole Food Co Inc said it may spin off one or more units as part of a strategic business review and reported a lower quarterly revenue.
The summit is set to feature a range of engaging and fruitful networking opportunities, as well as fascinating panel discussions
The former Indian bowler also saluted the batter for fighting depression and making his way back into mainstream cricket
The 21-year-old forward is enjoying a breakthrough season following his surprise move from City on transfer deadline day in September
To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
The Argentine goalkeeper made the save that sent his side through to their first major European semi-final since 1982 after penalty chaos against Lille
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries