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- Before the bell:
Before the bell:
U.S. stocks were set to drop at the opening bell Friday, after the monthly jobs report showed employers added just 18,000 positions in June.
The Labor Department released its monthly jobs report at 8:30 a.m. ET, and its 18,000 figure was a major disappointment. A CNNMoney survey of 27 economists had forecast an addition of 120,000 jobs in June.
June's unemployment rate held at 9.2%, the same as the upwardly revised rate in May. Economists had forecast a small drop to 9%.
Economy: May wholesale inventory figures are due shortly after the opening bell.
Late in the afternoon, the Federal Reserve will release its report on May consumer credit report.
Companies: Shares of JDS Uniphase (JDSU) fell 3.6% in premarket trade after Piper Jaffray lowered its price target on the stock to $21 from $25.
World markets:
Oil for August delivery slipped $1.79 to $96.88 a barrel.
Gold futures for August delivery fell $1.50 to $1,529.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury was flat, with the yield holding at 3.14%.
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