Stock futures swing after September jobs data

Business

(Reuters) – U.S. stock index futures briefly turned positive on Friday after a U.S. Labor Department report showed job growth slowed sharply in September, while a steady rise in wages suggested moderate inflation pressures, easing concerns about the economy overheating.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid

At 8:30 a.m. ET, Dow e-minis 1YMc1 were up 43 points, or 0.16 percent. S&P 500 e-minis ESc1 were up 3.25 points, or 0.11 percent and Nasdaq 100 e-minis NQc1 were up 1 points, or 0.01 percent.

Minutes ahead of the data, Dow e-minis 1YMc1 were down 11 points, or 0.04 percent. S&P 500 e-minis ESc1 were down 2.5 points, or 0.09 percent and Nasdaq 100 e-minis NQc1 were down 21.5 points, or 0.29 percent.

Reporting by Sruthi Shankar in Bengaluru

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