Jobs Data Further Bruise U.S. Stock Futures

Updated from 8:13 a.m. EDT

After a brutal session the day before, premarket futures were pointing to more losses for stocks in New York Friday as the government's read on unemployment jumped for August, renewing investor concerns about a U.S. recession.

Futures for the S&P 500 were down 14 points at 1223 and were 14 points below fair value. Nasdaq futures were down 23 points at 1753 and were 23 points short of fair value.

On Thursday, the major indices swooned, each losing at least 3% as several data reports indicated the economy remains weak. A decline in commodity prices over the past week wasn't offering much relief from the gloom, and sellers dramatically outnumbered buyers on both the New York Stock Exchange and the Nasdaq. ...