S&P 500 Futures Pare Losses Amid Mixed Job Data

S&P 500 futures eased some losses after less-than-expected weekly jobless claims. New unemployment applications totaled 227,000, below the anticipated 230,000. ADP data revealed private employers hired the fewest workers in over three years in August, with prior-month figures also revised downward.

S&P 500 futures moderated their losses as lower-than-expected weekly jobless claims alleviated concerns over a weakening labor market. The latest data showed 227,000 new unemployment applications, falling short of the 230,000 forecasted by economists polled by Reuters.

Conversely, ADP National Employment data indicated that private employers hired the fewest workers in August in more than three years, with prior-month employment figures also revised downward.

At 08:33 a.m., Dow E-minis saw a slight gain of 26 points, or 0.06%, while the Nasdaq 100 E-minis were down by 48.75 points, or 0.26%, and the S&P 500 E-minis dipped by 2.5 points, or 0.05%.

(With inputs from agencies.)