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U.S. stock index: Futures pare losses after August payrolls data

U.S. stock index: Futures pare losses after August payrolls data
6 Sep 2024 16:55

(Reuters)

U.S. stock index futures pared losses after data showed that the unemployment rate in the economy fell in August while job additions were less than expected.

A Labor Department report showed nonfarm payrolls rose by 142,000 in August, compared with estimates of 160,000, as per economists polled by Reuters.
The unemployment rate stood at 4.2%, which aligns with expectations. It stood at 4.3% a month earlier.

At 08:34 a.m., Dow E-minis were down 103 points, or 0.25%; Nasdaq 100 E-minis were down 119.75 points, or 0.63%, and S&P 500 E-minis were down 18.25 points, or 0.33%

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