Stock Futures hold gains after December jobs report
- Wall Street was set to open slightly higher on Friday, aided by technology stocks, while slower-than-expected domestic job growth in December shaved off some early gains.
However, the pace of hiring remained more than enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes. “We’re seeing modest gains in wages and that was probably the big surprise after you got a downward revision to the average hourly earnings in both October and November. So no real pressure for the Fed to raise rates.”
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