3 Apr 2015
US stock futures fall sharply after nonfarm payrolls
FXStreet (Córdoba) - US stock futures fell sharply on Friday after the nonfarm payrolls report showed US hiring decelerated in March to its lowest pace in 15 months.
US economy created only 126,000 new jobs in March. The reading was well below expectations of 244,000 and less than half of the 264,000 jobs added in February (revised down from 295,000). However, the unemployment rate stayed unchanged at 5.5% as expected.
DJIA futures fell 0.98% to 17,523. The S&P 500 futures dropped 1.01% to 2,041. Futures for the Nasdaq lost 1.04%, to 4,270.
All major US stock exchanges, including the New York Stock Exchange and Nasdaq, will be closed on Friday.
Meanwhile, the dollar weakened across the board, Treasury bonds rallied, pushing yields down, as disappointing jobs data raised doubts the Federal Reserve would hike rates in the June-September period, as the FOMC has reiterated they want to see a sustained improvement in the labor market.
US economy created only 126,000 new jobs in March. The reading was well below expectations of 244,000 and less than half of the 264,000 jobs added in February (revised down from 295,000). However, the unemployment rate stayed unchanged at 5.5% as expected.
DJIA futures fell 0.98% to 17,523. The S&P 500 futures dropped 1.01% to 2,041. Futures for the Nasdaq lost 1.04%, to 4,270.
All major US stock exchanges, including the New York Stock Exchange and Nasdaq, will be closed on Friday.
Meanwhile, the dollar weakened across the board, Treasury bonds rallied, pushing yields down, as disappointing jobs data raised doubts the Federal Reserve would hike rates in the June-September period, as the FOMC has reiterated they want to see a sustained improvement in the labor market.