US Stock Futures Indicate Weak Opening

US stock futures fell today as worries regarding the recovery in the US economy made investors jittery. While futures on the Dow Jones Industrial Average slipped 38 points to 10556, those on the S&P 500 moved down 5.10 points to 1113.20. Meanwhile, Nasdaq 100 futures shed 8.25 points to 1884.70. Traders today are awaiting the release of the Automatic Data Processing Inc (ADP) employment survey for the month of July. The ISM non-manufacturing index for July is also scheduled to be released today. The ADP report is expected to show the addition of 40,000 jobs by private employers, as compared to 13,000 in the month before. Meanwhile, ISM is likely to come in at 53.0, down from 53.8 in the previous month. On the corporate front, companies that are likely to hog the limelight are Time Warner Inc. TWX, AOL Inc AOL and PG&E Corp PCG, Toyota Motor Corp TM, BP PLC BP and Allied Irish Banks PLC AIB. Shares of oil giant BP fell 1.1% after the company said that its damaged Macondo well in the Gulf of Mexico has reached a so-called static condition. Lloyds Banking Group PLC LYG has gained about 2% in pre-market after the company said that its earnings for the first half were better than expected. Overseas, European stocks are seeing broad-based losses, with the Stoxx Europe 600 index losing 1% in intraday trading. Shares in Japan also ended sharply lower, as export firms were hit by the rising yen. Read more from Benzinga's Markets.