S&P futures are building onto earlier gains following weaker job creation in June. Non-farm payrolls grew by 57,000 last month,below the 115,000 economists polled by WSJ expected. May's payrolls were also revised down to 129,000 from 172,000. The jobless rate ticked down to 4.2% from 4.3%. The weaker-than-expected report could mean that the Federal Reserve may be less likely to raise rates sooner rather than later. The Fed recently adopted a more hawkish tone with regard to inflation triggered by rising energy costs, leading markets to believe a rate hike could be in the cards. S&P futures are up 26 points. (patrick.sheridan@wsj.com)
Dow Jones Newswires
U.S. Stock Futures Rise Following Weaker June Jobs Growth — Market Talk
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S&P futures are building onto earlier gains following weaker job creation in June. Non-farm payrolls grew by 57,000 last month,below the 115,000 economists polled by WSJ expected. May's payrolls were also revised down to 129,000 from 172,000. The jobless rate ticked down to 4.2% from 4.3%. The weak…