Wall Street stock futures edged lower on Monday following Friday’s rally on better-than-expected U.S. employment data.

In earnings news, Gran Tierra Energy Inc. reported a net loss of US$28.2 million in the second quarter, compared with gain of $8.5 million in same quarter of 2008.

Dynegy reported a loss, but said it had sold power plants, raising US$1 billion, and plans to cut costs.

Here at home, the Canadian dollar gained 0.17 of a cent to US92.57¢.

In today’s commodities news, the September contract for oil was unchanged at US$70.93 a barrel.

The December bullion contract was down $3.90 to US$955.60 an ounce.

Overseas, the Japanese Nikkei 225 rose 1.1%, while Hong Kong’s Hang Seng jumped 2.7%%.

Stocks were weaker in Europe. The UK’s FTSE 100 index declined 0.65%, Frankfurt’s DAX was down 1% while the Paris CAC 40 lost 0.71%.

On Friday, Toronto stocks moved higher, rebounding from a steep loss in the previous day’s session, as strength in the financial and telecommunications sectors overshadowed weakness in commodities.

The S&P/TSX composite index moved up 91.96 points , or 0.85%, to 10,885.33. On Thursday, the market fell 253.56 points, a drop of 2.3%.

The junior S&P/TSX Venture composite index gained 4.46, or 0.38%, to 1,192.58.

In New York, investors were buoyed by better-than-expected news that U.S. unemployment had fallen to 9.4% in July from 9.5% the previous month.

The Dow Jones industrial average gained 113.81, or 1.23%, to 9,370.07, the S&P 500 index gained 13.40, or 1.34%, to 1,010.48, and the Nasdaq composite index gained 27.09, or 1.37%, to 2,000.25.

IE