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Article: US stock futures up ahead of May unemployment data
- Article from:
- AP Worldstream
- Article date:
- June 5, 2009
- Author:
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U.S. stock futures moved higher Friday as investors hoped the government's tally on job losses in May would provide further evidence that the economy is healing.
The advance in U.S. futures came amid gains in overseas markets as investors cheered Rio Tinto's decision to scrap a $19.5 billion deal with China's Chinalco. Instead, the massive mining company has chosen to raise money through a stock sale and set up a joint venture with rival BHP Billiton.
In the U.S., investors were focused on jobs as the Labor Department is set to release its unemployment report for May at 8:30 a.m. Eastern time (1230 GMT).
Economists are expecting the government to report that 520,000 ...