U.S. stock futures slide after key June jobs report

NEW YORK — Stock futures slid Friday after the U.S. added only 80,000 jobs in June, marking the weakest quarter for hiring in two years.

Dow Jones industrial average futures fell 68 points to 12,764. Standard & Poor's 500 futures slid 9 points to 1,352.40 and Nasdaq futures fell 15 points to 2,627.50.

With President Barack Obama on a two-day bus tour to campaign in Ohio and Pennsylvania, the Labor Department's report could have a huge impact on the upcoming election with three months of lackluster hiring.

Jobs are being created at a slower pace than last year and the U.S. economy has added just 75,000 jobs a month in the April-June quarter. That's a third of the jobs that were created in the first quarter.

Markets were already falling overseas, where enthusiasm about a new plan to address the continent's deb crisis has ebbed.

Interest rate cuts announced Thursday in Europe and China were taken as a signal the global economy is in worse shape than was once thought.

Germany's DAX fell 0.4 percent to 6,508.07 while the CAC-40 fell 0.4 percent at 3,215.1. The FTSE 100 index of leading British shares rose 0.1 percent to 5,692.63.

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