What to watch today: Stock futures are lower as Wall Street awaits May jobs report

What to watch today: Stock futures are lower as Wall Street awaits May jobs report

BY THE NUMBERS , as Wall Street awaits the release of May's jobs report. On Thursday, all three major U.S. stock indexes , snapping two-day losing streaks and putting them in positive territory for the week. The  advanced 435 points, or 1.3%, after being down more than 300 points at session lows. The  added 1.8%, while the tech-heavy  outperformed, rising 2.7%. (CNBC) Wall Street is closely anticipating May's jobs data, which the Labor Department is scheduled to release at 8:30 a.m. ET on Friday. The U.S. economy is , according to economists polled by Dow Jones. That would represent a slowdown compared with April's nonfarm payrolls report, which showed 428,000 jobs added in the month. However, some economists told CNBC ahead of May's data that they believe the labor market is still strong despite pockets of weakness in some parts of the economy. The unemployment rate is seen falling to 3.5% in May, down slightly from 3.6% in April, according to Dow Jones estimates. Wage increases are expected to come in at 5.2% year over year, compared with a 5.4% gain in April. (CNBC) IN THE NEWS TODAY Shares of  dropped nearly 3% in premarket trading