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US STOCKS SNAPSHOT-Futures drift lower after January nonfarm payrolls data

ReutersFeb 7, 2025 1:36 PM

- U.S. stock index futures slipped on Friday as the January nonfarm payrolls number missed expectations, while the numbers for December were revised higher.

A Labor Department report showed the U.S. economy added 143,000 jobs in January, compared with economists' estimate of a rise of 170,000.

The unemployment rate stood at 4%, compared with expectations of 4.1%, while average earnings rose 0.5% on a monthly basis against forecasts of 0.3% growth.

For December, the nonfarm payrolls number was revised to 307,000 from 256,000.

At 08:34 a.m. ET, Dow E-minis 1YMcv1 were down 29 points, or 0.06%, S&P 500 E-minis EScv1 were down 7.5 points, or 0.12, and Nasdaq 100 E-minis NQcv1 were down 45.25 points, or 0.21%.

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