off-the-wire

US STOCKS SNAPSHOT-Futures cuts gains slightly after April jobs data

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 5 (Reuters) - U.S. stock index futures pared back some gains on Friday after data showed U.S. jobs grew more than expected in April, and a fairly strong wage growth prompted investors to temper their expectations of interest rate cuts from the Federal Reserve.


The Labor Department's closely watched employment report showed non-farm payrolls increased by 253,000 jobs last month. Economists were expecting jobs to grow by 180,000. Average hourly earnings rose 0.5% in April, versus expectation of a 0.3% rise, while unemployment rate slipped to 3.4% from 3.5% in the previous month.


At 8:37 a.m. ET, Dow e-minis were up 158 points, or 0.48%, S&P 500 e-minis were up 23 points, or 0.56%, and Nasdaq 100 e-minis were up 56.5 points, or 0.43%. (Reporting by Sruthi Shankar in Bengaluru; Editing by Janane Venkatraman)

8780; outside U.S. +91 80 6182 2787;))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.