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U.S. INDEXES STAY NEAR FLAT AFTER PAYROLLS REVISION
Major U.S. stock indexes are little changed early on Tuesday after the release of a U.S. preliminary nonfarm payrolls benchmark estimate.
The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before President Donald Trump's aggressive tariffs on imports.
Economists had predicted the level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs.
Investors have been keen to see the revision after a Labor Department report Friday showed that job growth almost stalled in August and the economy shed jobs in June for the first time in 4-1/2 years.
The job market is considered key to what the Federal Reserve will do with interest rates. A cut from the Fed is expected this month.
Energy .SPNY, up about 1.5%, is leading gainer among S&P 500 .SPX sectors, while materials .SPLRCM, off around 1.3%, is down the most.
Here is the morning market snapshot:
(Caroline Valetkevitch)
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