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Futures: Dow flat, S&P 500 up 0.14%, Nasdaq up 0.20%

Sept 4 (Reuters) - U.S. stock index futures were subdued

on Thursday as investors awaited a private payrolls report,

while Salesforce ( CRM ) shares declined after a downbeat revenue

forecast.

A series of labor market datasets is on tap. The ADP report

for August measuring private payrolls is expected at 8.15 a.m.

ET, a weekly reading of jobless claims at 8.30 a.m. ET, while

the highly anticipated nonfarm payrolls data is due on Friday.

Salesforce ( CRM ) fell 6.6% in premarket trading after the

cloud company forecast third-quarter revenue below Wall Street

estimates on Wednesday, signaling lagging monetization for its

AI agent platform.

AI-linked firms have driven U.S. stock indexes to record

highs this year, but their rally lost some steam after quarterly

updates from some firms including Nvidia ( NVDA ) failed to

impress investors.

Markets had earlier adopted a dovish tone, after July's

payrolls figures painted a bleak picture of the labor market and

Federal Reserve Chair Jerome Powell acknowledged rising risks to

employment late in August.

Traders were already pricing in a more than 90% chance of a

September cut when a weak July job openings report on Wednesday

pushed them to over 97%, according to CME's FedWatch Tool.

Investors will also watch U.S. President Donald Trump's

nominee, economic advisor Stephen Miran, testify in a Senate

confirmation hearing on Thursday to fill Fed Governor Adriana

Kugler's seat, which she resigned last month.

At 05:25 a.m. ET, Dow E-minis were down 9 points, or

0.02%, S&P 500 E-minis were up 9.25 points, or 0.14%,

and Nasdaq 100 E-minis were up 47.25 points, or 0.20%.

American Eagle Outfitters ( AEO ) soared over 23% after the

apparel company forecast third-quarter comparable sales above

estimates on Wednesday, as its celebrity partnerships boosted

demand.

All three indexes started September on the back foot as

rising yields on longer-dated Treasuries pressured equities.

September has been historically bad, with the benchmark S&P 500

losing 1.5% on average in the month since 2000, according to

LSEG data.

The S&P 500 and the Nasdaq closed higher on Wednesday on a

boost from Google-parent Alphabet hitting an intraday

record high after a Washington judge ruled the company would not

have to sell its Chrome browser. The stock fell 0.8% on

Thursday.

Fed policymakers John Williams and Austan Goolsbee are set

to deliver speeches on the day. Central bank officials had said

on Wednesday that labor market worries continued to animate

their belief that rate cuts still lay ahead for the central

bank.

In other stocks, Figma ( FIG ) fell 15.2% after the design

software firm's first quarterly results as a public company

failed to impress investors, who had rallied behind its blowout

July debut.