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US futures head lower as markets await jobs report

November 5, 2013

NEW YORK (AP) — Stock futures are heading lower in the second consecutive day of light trading, with markets waiting for the delayed October jobs report at the end of the week.

Two Fed officials are speaking Tuesday and investors will be looking for any clues about U.S. monetary policy, though Richmond Fed President Jeffrey Lacker and San Francisco Fed President John Williams are not voting members in policy meetings.

Dow Jones industrial futures are down 49 points to 15,526. S&P 500 futures have lost 5.2 points to 1,757.80. Nasdaq futures are down 10.50 points to 3,367.

Also Tuesday, the Institute for Supply Management reports on growth at U.S. services firms in October. The survey covers businesses that employ 90 percent of the workforce in retail, construction, health care and finance.