Markets News
Markets1 min read
Cooling Pay Growth Puts US Futures in Focus
S&P 500 futures were softer in an early update as investors assessed wage data, while later quotes showed December contracts higher.
Key takeaways
- E-mini S&P 500 futures were down about 0.1% in the early update.
- Average hourly pay rose 0.1% in September to $37.81, up 3% over the year.
E-mini S&P 500 futures were down about 0.1% in an early Tuesday update as investors weighed cooler wage growth and sluggish factory orders. By 08:23 UTC, December contracts were at 7,844.75, up 0.24% since the previous close.
Average hourly pay rose 0.1% in September to $37.81, or 3% over the year. Payrolls added 406,000 jobs, while the unemployment rate rose to 4.2%.
Factory orders increased 0.1% in August. Trade data and Federal Reserve speakers were among the events on the day’s calendar, with weekly jobless claims due Thursday.
Topics
ES=FFederal Reserve
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
