STOCK MARKET NEWS: Job growth falls below expectations, U.S. looks to move past coal

U.S. equity futures were poised to start the new month the way the old month ended, with losses.

The major futures indexes suggest a decline of 0.8% when the opening bell rings.

U.S. West Texas Intermediate (WTI) crude futures traded around $89.00 a barrel. Brent crude futures were around $95.00 a barrel.

Stocks finished the month on a four-session losing streak. For August, the Dow finished down nearly 4.1%, while the S&P and Nasdaq lost 4.2% and 4.6%, respectively.

Traders will be watching a crowded economic docket featuring reports on jobless claims, productivity, manufacturing and construction spending.

In Asia, Japan’s benchmark Nikkei 225 declined 1.5%, Hong Kong’s Hang Seng lost 1.8% and China’s Shanghai Composite edged down 0.5%.

On Wall Street, the S&P 500 fell 31.16 points, 0r 0.8%, to 3,955. The index is down 17% so far this year. 

The Nasdaq lost 66.93 points, or 0.6%, to 11,816.20, while the Dow gave up 280.44 points, or 0.9%, to close at 31,510.43. 

The latest pullback for stocks came as Treasury yields rose broadly. The yield on the 10-year Treasury, which influences interest rates on mortgages and other consumer loans, rose to 3.20% on Thursday morning.