April 5 (Reuters) - U.S. stock index futures were lower
on Wednesday after softer-than-expected growth in private
payrolls in March exacerbated worries of a steep economic
downturn following the Federal Reserve's rapid interest rate
hikes.
The ADP National Employment report showed U.S. private
employment rose by 145,000 jobs last month. Economists polled by
Reuters had expected an increase of 200,000 jobs in March.
At 8:17 a.m. ET, Dow e-minis were down 25 points,
or 0.07%, S&P 500 e-minis were down 6 points, or 0.15%,
and Nasdaq 100 e-minis were down 11.75 points, or 0.09%.
(Reporting by Amruta Khandekar; Editing by Shounak Dasgupta)
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