US Stock Futures Dip; All Eyes On Jobs Report

US stock futures tumbled in early pre-market trade, ahead of economic data. Data on motor vehicle sales for July will be released today. Data on nonfarm payroll employment for July and consumer spending for June will be released at 8:30 a.m. ET. The Markit PMI manufacturing index for July will be released at 9:45 a.m. ET, while The Reuter's/University of Michigan's consumer sentiment index for July will be released at 9:55 a.m. ET. The ISM manufacturing composite index for July and construction spending data for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 105 points to 16,389.00, while the Standard & Poor's 500 index futures fell 12.90 points to 1,911.90. Futures for the Nasdaq 100 index dropped 28.50 points to 3,856.25.

European markets were lower today, with the Spanish Ibex Index falling 1.81%, STOXX Europe 600 Index dropping 1.49%. German DAX 30 index fell 1.98%, French CAC 40 Index declined 1.41% and London's FTSE 100 Index dropped 1.34%. Spain's manufacturing PMI dropped to 53.9 in July versus 54.6 in June. In Asian markets, Japan's Nikkei Stock Average fell 0.63%, Hong Kong's Hang Seng Index tumbled 0.91%, China's Shanghai Composite Index dipped 0.74% and India's Sensex declined 1.60%. China's official manufacturing PMI surged to 51.7 in July versus 51 in June, while the HSBC China manufacturing PMI jumped to 51.7 in July from 50.7 in June.

Analysts at Raymond James upgraded Expedia

from Market Perform to Outperform. The target price for Expedia is set to $100. Expedia 's shares gained 6.04% to $84.22 in pre-market trading.