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Home International Markets

US stock futures trade higher after jobs report disappoints

byCT Report
04/11/2017
in International Markets
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WASHINGTON: U.S. stock index futures pointed to a slightly higher open Friday after the release of a disappointing jobs report. Dow Jones industrial average futures rose 37 points, while S&P 500 and Nasdaq 100 futures advanced 2.75 points and 35.25 points, respectively. The U.S. economy added 261,000 jobs last month. Economists polled by Reuters expected a gain of 310,000 jobs. The report also showed average hourly earnings remained flat for October. Other data set for release Friday include the U.S. Services PMI, followed by factory orders and the non-manufacturing ISM report on business. On the earnings front, Bloomin’ Brands, Cinemark, and Sotheby’s were among the companies that reported earnings before the bell. No major companies are expected to report after the close.

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