Stock futures ticked slightly Friday as investors digested the release of the monthly US jobs report to provide a steer to the Federal Reserve’s next move on interest rates.
US government data showed employers added 209,000 jobs in June, below expectations but still a healthy pace of employment growth. The unemployment rate dipped to 3.6%.
Prices of futures on the S&P 500 (^GSPC) and on the Dow Jones Industrial Average (^DJI) were both slightly higher. Futures on the tech-focused Nasdaq Composite (^IXIC) rose around 0.3%.
A stronger-than-expected ADP jobs report on Thursday signaled the US economy is proving resilient in the face of the Fed’s efforts to combat inflation.
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