US stock futures mixed ahead of May jobs report
US stock futures mixed ahead of May jobs report
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Procter & Gamble to cut 7,000 jobs, exit brands
Procter & Gamble will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by U.S. tariffs.
U.S. stock futures are mixed ahead of the key monthly jobs report.
The May jobs report is due before the bell. Economists, on average, expect 130,000 new jobs created and a 4.2% unemployment rate.
At 6 a.m. ET, futures linked to the blue-chip Dow added 0.07%, while broad S&P 500 futures fell -0.11% and tech-heavy Nasdaq futures rose 0.14%.
Coroprate news
Docusign said billings growth was slower than expected in the first quarter, according to FactSet.
Lululemon's cut its full-year earnings guidance, citing a 'dynamic macroenvironment.'
Broadcom's quarterly results just beat forecasts.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
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