Futures rebound ahead of jobs numbers

US stock futures rise as bulls try to head off this year's first 3-day losing streak for Dow

Associated Press
Stock market has best day in nearly 3 weeks
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FILE - In this Friday, May 31, 2013 file photo, trader Richard Cohen, center, works on the floor of the New York Stock Exchange. Stock markets in Europe recovered their poise Thursday June 6, 2013 despite a big retreat earlier in Asia earlier and a glitch that temporarily affected several major exchanges. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- U.S. futures are rising ahead of a weekly jobs report that could determine whether the Dow index has its first three-day losing streak of the year.

Economists expect fewer people sought unemployment benefits last week.

Dow Jones industrial futures are up 48 points to 15,007. S&P futures have added 5.8 points to 1,613.80. Nasdaq futures are up 6.5 points to 2,945.

It's been all about jobs this week. Payroll provider ADP said Wednesday that U.S. businesses added just 135,000 jobs in May, a rather weak number. On the other hand, consultants Challenger, Gray & Christmas said Thursday that job cuts fell 4.5 percent in April.

Yet trading has been light all week ahead of the big jobs report for May that will be released Friday by the Labor Department.

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