US STOCKS-Europe woes weigh on futures ahead of jobs data

* Key employment data on tap

* Aetna profit misses Street view

* Cost to insure Greek, Portuguese, Spanish debt rises

* Futures off: Dow by 35 pts; S&P by 4.8; Nasdaq by 1

* For up-to-the-minute market news, click [STXNEWS/US]
(Adds quotes, byline)

By Rodrigo Campos

NEW YORK, Feb 5 (BestGrowthStock) – U.S. stock index futures fell
on Friday, following Wall Street’s worst day in more than nine
months, as lingering worries over the fiscal health of some
European countries curbed risk appetite ahead of a key U.S.
jobs report.

The cost of insuring Greek, Portuguese and Spanish
government debt rose to record highs Friday on mounting fears
about debt defaults. Many investors had their eyes on Portugal,
where parliament was to vote on a regional financing bill seen
as a crucial test of the government’s ability to curb public
spending. For details see [ID:nEUROPEAND].

“We’ve got ongoing concerns about who the next sovereign
debt problem child is going to be. So we’re going to see the
dollar firm up against the euro and commodities fall off
because of that,” said Art Hogan, chief market analyst at
Jefferies & Co in Boston.

On the U.S. economics front, analysts in a Reuters poll
predicted non-farm payrolls grew by 5,000 in January after an
unexpected loss of 85,000 in December. The unemployment rate is
expected to edge up to 10.1 percent in January from 10 percent.
The government report is due at 8:30 a.m. EST (1330 GMT).

“We may have created jobs for the second time in a year,”
Hogan said. “Unfortunately, this will be overshadowed by major
global economic concerns.”

S&P 500 futures (SPc1: ) fell 4.8 points and were below fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) lost 35
points, and Nasdaq 100 futures (NDc1: ) fell 1 point.

Aetna Inc (AET.N: ) posted lower quarterly profit early
Friday, missing the average estimate, on high medical costs for
its commercial health plans. The big health insurer also
forecast 2010 profit below Wall Street’s target.
[ID:nN05139992]

The Obama administration’s proposal to limit risk-taking by
major banks in the wake of the financial crisis could affect
about 10 percent of Goldman Sachs Group Inc’s (GS.N: ) net
revenues, a senior company executive told a U.S. Senate
committee. [ID:nN04208561]

U.S. stocks (Read more about the stock market today. ) suffered their worst losses in more than nine
months on Thursday on fears over euro zone debt and an
unexpected rise in U.S. claims for jobless insurance. The S&P
500 (.SPX: ) fell 3.1 percent.

Stock Market Invetsing

(Editing by Jeffrey Benkoe)

US STOCKS-Europe woes weigh on futures ahead of jobs data