US stock futures dip ahead of economic data

By STAN CHOE | June 1, 2011 | 7:59 AM EDT

In this May 31, 2011 photo, specialist Philip Finale, left, and trader Thomas Lyden work on the floor of the New York Stock. Global stocks were steady Wednesday, June 1, ahead of a raft of U.S. economic figures which will culminate in the key monthly jobs data at the end of the week, while the euro held on to recent gains on hopes Greece will get more help with its debts.(AP Photo/Richard Drew)

NEW YORK (AP) — U.S. stock futures are slightly lower ahead of updates on the health of the job market and manufacturing industry.

Economic reports have often been discouraging since the spring, and weak data helped knock the S&P 500 index down by 1.4 percent last month.

Later Wednesday, payroll processor ADP will give an update on how many jobs private companies added last month. It may offer a preview of the government's more comprehensive report on Friday.

Economists expect another report from the Institute for Supply Management to show the manufacturing industry is still growing, but at a slower pace.

Ahead of the opening bell, Dow Jones industrial average futures are down 13 at 12,545. S&P 500 futures are down 1.10 points at 1,342.80. Nasdaq 100 futures are down 3 at 2,368.75.