Stock futures edge lower ahead of jobs report

[November 05, 2010]  NEW YORK (AP) -- Stock futures are edging lower a day after the market hit another high for the year.

Investors are awaiting the latest jobs report. The October report, due Friday morning, is likely to be a stark reminder of the challenges the U.S. faces in spurring an economic recovery.

Stocks rallied Thursday, triggered by the Fed's $600 billion bond-buying spree in an effort to stimulate the economy. The Dow Jones industrial average surged 219 points to close at 11,434.84, the highest closing level since just before Lehman Brothers went under in September 2008 and the worst days of the financial crisis.

Dow Jones industrial average futures are down 21, or 0.2 percent, to 11,366 before the opening bell. S&P 500 futures are down 3.40 at 1,215.20, while Nasdaq 100 futures are off 4.0 to 2,180.5.

[Associated Press]

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