Futures Indicator Update: S&P 500 futures cut losses, turn slightly higher on stimulus hopes
Fred Imbert,Yun Li 5-6 minutes - Source: CNBC U.S. stock futures erased earlier losses and turned higher on Wednesday amid rising hopes for further fiscal stimulus. The market headed for its first negative month since March. Disney added to the negative sentiment after saying it would lay off 28,000 people in its theme parks division . The shares lost more than 2% in premarket trading. Dow Jones Industrial Average futures dipped 50 points, or 0.1%. The move indicated a slight gain of about 30 points at the open. S&P 500 futures fell 0.1%. Nasdaq 100 futures lost about 0.2%. Futures cut their losses after better-than-expected jobs data. ADP’s monthly private-sector jobs count showed growth of 749,000 in September, ahead of the 600,000 expected from a Dow Jones economist survey. The S&P 500 is down 4.7% in September, on pace for its first monthly losses since March. The Nasdaq Composite is down 5.9% in September, while t