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Futures pare losses after payrolls report
August 1, 2014 / 12:51 PM / 3 years ago

Futures pare losses after payrolls report

Traders work on the floor of the New York Stock Exchange shortly after the market's opening in New York July 28, 2014. REUTERS/Lucas Jackson

NEW YORK (Reuters) - U.S. stock index futures pared losses on Friday, after payrolls data in July fell short of expectations, giving the Federal Reserve room to keep interest rates low for a while.

S&P 500 e-mini futures fell 3.75 points and were above/below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average e-mini futures lost 8 points and Nasdaq 100 e-mini futures shed 1.25 points.

Reporting by Chuck Mikolajczak; Editing by Bernadette Baum

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