Futures move lower after unexpected jobs growth in January

FAN Editor
FILE PHOTO: A 'Wall St' sign is seen above two 'One Way' signs in New York
FILE PHOTO: A ‘Wall St’ sign is seen above two ‘One Way’ signs in New York August 24, 2015. REUTERS/Lucas Jackson/File Photo

February 4, 2022

(Reuters) – S&P 500 futures turned negative on Friday after data showed a surprise pick-up in U.S. jobs growth in January even as COVID-19 infections lashed the nation.

At 8:30 a.m. ET, Dow e-minis were down 164 points, or 0.47%, S&P 500 e-minis were down 9 points, or 0.2%, and Nasdaq 100 e-minis were up 38.5 points, or 0.27%.

(Reporting by Medha Singh in Bengaluru; editing by Uttaresh.V)

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