Stock index futures pared gains on Wednesday following a report that showed further signs of deterioration in the labor market.

S&P 500 futures rose 10.10 points and were above 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 climbed 91 points and Nasdaq 100 futures gained 15.25 points.

(Reporting by Ellis Mnyandu; Editing by James Dalgleish)