U.S. stock index futures pared gains this morning after data showed that private employers added 27,000 jobs in May, falling far short of economists’ expectations.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs.
At 8:22 a.m. ET, Dow e-minis were up 102 points, or 0.4%. S&P 500 e-minis were up 10 points, or 0.36% and Nasdaq 100 e-minis were up 36.5 points, or 0.51%.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Dean Popplewell
Latest posts by Dean Popplewell (see all)
- Euro zone bond yields sink as German manufacturing slows - 24 July 2019
- How Boris Johnson Plans to Deliver Brexit in 100 Days - 24 July 2019
- Weak PMI’s Sink EUR - 24 July 2019