Stock futures were wavering between slight gains and losses on Wednesday morning as investors digested fresh labor market data.
Futures tied to the Dow Jones Industry Average were down fractionally in recent trading, while those linked to the S&P 500 and Nasdaq slipped 0.1%. Stocks fell sharply on Tuesday after surprisingly strong economic data sparked renewed concerns about where interest rates are headed.
The ADP monthly private sector employment report this morning showed that fewer jobs were added in December than economists had anticipated, while weekly jobless claims came in lower than expected. The data are precursors to Friday’s highly anticipated release of the December jobs report. Market participants are watching the data closely for information that could affect the Federal Reserve’s decision-making on interest rates.
Data released Tuesday showed that there were…
