Stock index futures pared losses on Friday while yields fell as nonfarm payrolls growth rose in August but fell short of expectations.
S&P 500 Futures (Santa Clara Stock Exchange) remained unchanged, Nasdaq 100 futures (US100:IND) -0.2% and Dow futures (INDU) remained unchanged.
The 10 years Treasury bond yields (US10Y) fell 1 basis point to 3.72%. The 2-year yield (US2Y) fell 4 basis points to 3.70%.
US Nonfarm Payrolls for August came in at +142K, vs. consensus of +160K and +89K for July (revised from +114K).
The unemployment rate was 4.2%, compared with the consensus of 4.2% and 4.3% in July.
U.S. stock averages closed mixed on Thursday, with only the Nasdaq closing higher, helped by Nvidia (NVDA).
September continues to live up to its reputation as the weakest month for the S&P 500 index, said Henry Allen of Deutsche Bank.
Broadcom (AVGO) Stock fell by 9.6% in premarket trading on Friday after the semiconductor and software giant offered a weaker-than-expected outlook for the fourth quarter.
The latest jobs report had triggered a sell-off in the market, after concerns resurfaced that the economy was heading for a recession.
Just a month ago, markets were thrown into a panic by the release of an unreliable labor market signal distorted by seasonal peculiarities, said Paul Donovan of UBS.
