U.S. stock futures sink; jobs data, banks in focus: U.S. Stock Futures Indications | MarketWatch

By Kate Gibson and Polya Lesova , MarketWatch NEW YORK (MarketWatch) — U.S. stock futures extended Friday premarket losses after a flat U.S. payrolls reading. “Today’s jobs report represents what many realists already have known: There’s a tremendous lack of confidence in consumer-related companies,” said Todd Schoenberger, managing director at LandColt Trading LLC. “The country desperately needs the president to be a positive influence on Thursday,” he added of President Barack Obama’s address next week. Already lower, stock-index futures fell harder after the Labor Department reported payrolls were unchanged in August while the jobless rate held at 9.1%, as the first downgrade of the country’s credit, political bickering over the U.S. budget, and worries about European debt had both companies and consumers curbing expenditures. Futures for the Dow Jones Industrial Average DJ1U