Friday, July 6, 2007

US STOCKS-Futures fall on rate worries after jobs data

(Reuters) - NEW YORK, July 6 - Standard & Poor's 500 stock
futures fell on Friday as bond yields rose after a
stronger-than-expected June employment report reinforced the
view that the Federal Reserve would not cut interest rates this
year.




U.S. employers added a stronger-than-expected 132,000 new
non-farm jobs in June and also boosted payrolls more strongly
than previously thought in April and May, according to a Labor
Department report that underlined a strengthening job market.


Read more at Reuters.com Bonds News

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