S&P, Dow futures down after jobs data
S&P 500 and Dow stock index futures fell on Friday after data showed employers unexpectedly cut jobs last month, but the unemployment rate fell to a five-month low.
Futures initially extended declines before paring back.
S&P 500 futures fell 2.2 points and were 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 futures lost 7 points, and Nasdaq 100 futures added 4.75 points.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)
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