U.S. Stock-index Futures Trade Flat After Jobs Report

By Ryan VlastelicaMarketsMarketWatch Pulse

U.S. stock index futures were little changed on Friday, trading near breakeven levels after the April non-farm payroll report came in above expectations, likely confirming the Federal Reserve's characterization of recent weakness in the economy as "transitory" in its Wednesday policy update. The U.S. central bank's report and the strong jobs headline number are expected to keep expectations for two additional rate hikes in 2017 steady. Dow Jones Industrial Average futures fell 19 points, or 0.1%, to 20,851. S&P 500 futures rose less than 1 point to 2,386. Nasdaq-100 futures added 1.5 point to 5,627. The U.S. created 211,000 new jobs in April, while the unemployment rate went to 4.4% from 4.5%. Average wages were up 0.3%.

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