Futures Pare Losses After Payrolls Report
U.S. stock index futures pared losses on Friday, after payrolls data in July fell short of expectations, giving the Federal Reserve room to keep interest rates low for a while. S&P 500 e-mini futures fell 3.75 points and were above/below fair value–a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average e-mini futures lost 8 points and Nasdaq 100 e-mini futures shed 1.25 points.
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