U.S. stock index futures pared early declines on Friday as data showed the economy added more jobs than expected last month, easing fears that a nascent recovery in the labor market was stalling.
The Labor Department’s closely watched report showed nonfarm payrolls increased by 1.76 million in July. While that was a sharp slowdown from a record 4.8 million in June, it was better than the 1.6 million economists surveyed by Reuters had forecast.
At 8:34 a.m. ET, Dow e-minis were up 4 points, or 0.01%, S&P 500 e-minis were down 2 points, or 0.06%, and Nasdaq 100 e-minis were down 10 points, or 0.09%.
Moments before the data, Dow e-minis were down 102 points, or 0.37%, S&P 500 e-minis were down 11.25 points, or 0.34%, and Nasdaq 100 e-minis were down 35 points, or 0.31%.
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