US futures move lower as investors lock up profits

Stock futures dip after 7 heady days for major US indexes; Labor to release job market survey

Associated Press
Investors wary of buying further into rally

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FILE - In this Friday, March 1, 2013 file photo, Trader Edward Schreier works on the floor of the New York Stock Exchange. World stock markets edged off recent highs in uneven trading Tuesday March 12, 2013 as worries grew about China's recovery and Europe's doldrums. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. stock futures are heading lower with some signs of market fatigue after a seven-day rally on the Dow and with the S&P 500 reaching for record highs.

Dow Jones industrial futures are down 26 points to 14,355. S&P futures have lost 3.1 points to 1,547.40. Nasdaq futures are down 6.25 points to 2,799.25.

Futures are not a reliable indicator of which way the markets will go, as Monday showed, with the Dow hitting new heights despite a sell-off in futures.

The Labor Department on Tuesday releases its Job Openings and Labor Turnover survey, also known as JOLTS, which calculates total hiring, layoffs and job departures.

Markets overseas are largely moving lower, with head of Germany's central bank warning that the continent's debt crisis is far from over.

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