US STOCKS SNAPSHOT-Futures hold onto losses after March nonfarm payrolls data

Reuters04-04
US STOCKS SNAPSHOT-Futures hold onto losses after March nonfarm payrolls data

April 4 (Reuters) - U.S. stock index futures held onto losses on Friday as investors assessed nonfarm payrolls data for March to gauge the health of the world's largest economy.

A Labor Department report showed the U.S. economy added 228,000 jobs last month, compared with economists' estimate of a rise of 135,000. The unemployment rate stood at 4.2%, compared with expectations of 4.1%.

Average monthly earnings rose 0.3% in the previous month, compared with expectations of a 0.3% rise.

At 08:31 a.m. ET, U.S. S&P 500 E-minis EScv1 were down 145 points, or 2.67%, Nasdaq 100 E-minis NQcv1 were down 540 points, or 2.89%, Dow E-minis 1YMcv1 were down 1,094 points, or 2.68%.

(Reporting by Pranav Kashyap in Bangalore; Editing by Shounak Dasgupta)

((Pranav.Kashyap@thomsonreuters.com; +919886482111))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment