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US STOCKS SNAPSHOT-Futures pare gains after March jobs data
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US STOCKS SNAPSHOT-Futures pare gains after March jobs data
Apr 5, 2024 6:02 AM

April 5 (Reuters) - U.S. stock index futures pared gains

on Friday on worries that fresh evidence of a still-tight labor

market could jeopardize the case for imminent interest-rate cuts

by the Federal Reserve.

A Labor Department report showed nonfarm payrolls increased

by 303,000 jobs in March compared with expectations for an

increase of 200,000, as per economists polled by Reuters.

The unemployment rate stood at 3.8% compared with

expectations that it would remain steady at 3.9%, while average

earnings rose 0.3% on a monthly basis against forecasts of 0.3%

growth.

At 8:31 a.m. ET, Dow e-minis were up 22 points, or

0.06%, S&P 500 e-minis were up 5.75 points, or 0.11%,

and Nasdaq 100 e-minis were up 14.5 points, or 0.08%.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Arun

Koyyur)

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