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US STOCKS SNAPSHOT-Futures erase gains after sharp slowdown in May jobs growth

Published 06/07/2019, 08:44 PM
Updated 06/07/2019, 08:50 PM
US STOCKS SNAPSHOT-Futures erase gains after sharp slowdown in May jobs growth
ESZ24
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1YMZ24
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NQZ24
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June 7 (Reuters) - U.S. stock index futures pared gains on
Friday after data showed domestic job growth slowed sharply in
May and wages rose less than expected, adding to concerns over
the pace of economic growth.
U.S. employers added 75,000 jobs in May, while economists
polled by Reuters had forecast payrolls rising by 185,000 jobs,
suggesting the loss of momentum in economic activity was
spreading to the labor market. Monthly wage growth remained moderate, with average hourly
earnings increasing six cents, or 0.2%, following a similar gain
in April.
At 08:36 a.m. ET, Dow e-minis 1YMc1 were down 4 points, or
0.02%. S&P 500 e-minis ESc1 were up 1 points, or 0.04% and
Nasdaq 100 e-minis NQc1 were up 6.25 points, or 0.09%.
Minutes ahead of the release, Dow e-minis 1YMc1 were up 65
points, or 0.25%. S&P 500 e-minis ESc1 were up 8 points, or
0.28% and Nasdaq 100 e-minis NQc1 were up 24.75 points, or
0.34%.

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