US STOCKS-Futures flat before June payrolls, rising oil
* Wall St to take its lead from U.S. payrolls data
* Oil sets record above $145 a barrel
* Nvidia lowers forecasts, seen weighing on techs
* ISM services data on tap
By Walker Simon
NEW YORK, July 3 (Reuters) - U.S. stock futures were little changed on Thursday as oil climbed to a record and investors awaited U.S. non-farm payrolls data for June for clues whether the weak economy has moved closer to recession.
U.S. oil futures CLc1 jumped nearly $2 a barrel to $145.85 before the long holiday weekend marking U.S. Independence Day on Friday.
A barrage of gloomy outlooks on the U.S. economy and corporate profits sent the Dow and Nasdaq into bear market territory Wednesday, 20 percent below their October peaks. The S&P teetered on the edge of the bear market, also pressured by warnings of bank losses, fear of surging inflation and weakening consumer confidence.
In a shortened session on Thursday, technology shares could be hurt by Nvidia Corp (NVDA.O: Quote, Profile, Research, Stock Buzz), the graphics chip maker, which cut its second-quarter sales and profit margins outlook late on Wednesday. Nvidia cited global market weakness, and its shares fell 23.5 percent to $13.80 after the bell. Continued...







