U.S. stock futures edged lower Friday, after the jobs report came in mostly in line with the market’s expectations raising the likelihood for a rate hike. The nonfarm payrolls report showed that the U.S. gained 215,000 jobs in July, matching industry estimates, and the unemployment rate stayed pat at 5.3%, putting the Federal Reserve in line to raise interest rates for the first time since 2006. Futures for the S&P 500 were down 6 points, or 0.3%, to 2,073.50, while those for the Dow Jones Industrial Average dipped by 50 points, or 0.3%, to 17,324. Nasdaq-100 futures were 14 points lower, or 0.3%, at 4,510.25.
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