Stock futures hold modest losses after hurricane-impacted payroll report

U.S. stock-index futures were slightly lower on Friday, after the September payroll report showed 33,000 jobs were lost in the month, a reading heavily impacted by two major hurricanes. Dow Jones Industrial Average futures slipped 14 points, or less than 0.1%, to 22,725, while S&P 500 futures eased 2.40 points, or less than 0.1%, at 2,547.50. Nasdaq-100 futures were down 0.75 point, or less than 0.1%, to 6,065. Futures were little impacted by the payroll report, which represented the first contraction in seven years. While the mean estimate of analysts polled by MarketWatch had forecast a month of positive additions, the range of forecasts was much broader than was typical given the difficulty of estimating the impact of hurricanes Harvey and Irma.

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From:: Stock Market News

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