stock futures slipped in overnight trading thursday as investors looked ahead to septembers jobs report for further clues into the federal reserves tightening campaign futures tied to the dow jones industrial average shed 57 points or 019 while sp 500 futures dipped 036 futures tied to the nasdaq 100 slipped 049 advanced micro devices stock fell in overnight trading after the chipmaker warned its thirdquarter revenue would be lower than anticipated levi strauss shares slipped following a cut to its guidance major averages closed lower during regular trading but are on pace to close out their best week since june 24 and finish about 4 higher the dow fell 34693 points or 115 to 2992694 while the sp 500 and nasdaq composite shed 102 and 068 respectively all major sp sectors finished the session in negative territory with the exception of energy the sector rose 18 as oil prices gained and is on pace to close out the week 147 higher thursdays downdraft comes as investors remain on edge ahead of septembers jobs report slated for release friday the findings could offer further certainty into the feds tightening cycle with a strong jobs market or upside surprise signaling that the fed may need a tougher stance to slow the economy and tame surging prices economists surveyed by dow jones expect the data to show a 275000 increase in nonfarm payrolls and unemployment to hover at 37 the environment is ripe for a crisis and if the fed keeps its hawkish communication up i think were quite likely to have something break in the financial markets scott minerd guggenheims global chief investment officer said on cnbcs closing bell overtime on thursday minerd said the pace of tightening is beginning to create cracks in the financial markets and could force a fed pivot in the coming weeks all the signs are there he said i cant tell you exactly what will cause it but the environment is ripe and when the fed pivots theyre not going to preannounce it theyre not going to ring a bell a surprise to the downside occurring 75 of the time over the last 25 years in the september jobs report could lead investors to stage a rally he added along with the big jobs report wholesale inventories and consumer credit data are also due out friday cannabis stock tilray brands  which rose thursday as the white house announced marijuana pardons will report earnings results