Stock futures flat after weak employment data
Stock index futures were flat on Wednesday, paring gains after a report showed the private sector added fewer jobs this month than expected.
S&P 500 futures rose 0.4 point and were flat in terms of 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 futures gained 1 point and Nasdaq 100 futures shed 0.3 point.
U.S. private employers added 13,000 jobs in June, compared with a revised gain of 57,000 in May, while economists polled by Reuters expected a gain of 60,000 jobs.
(Editing by Jeffrey Benkoe)
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