MW: Wall Street poised to climb after lackluster jobs report
U.S. stock-market index futures climbed after the closely watched jobs report came in weaker than Wall Street’s consensus estimates, making an interest-rate hike a less likely scenario for the Federal Reserve at its next meeting in September. The U.S. economy added 151,000 positions in August, while the unemployment rate stayed at 4.9%. Futures for the Dow Jones Industrial Average rose 63 points, or 0.4%, at 18,455, while those for the S&P 500 index gained 7.45 points, or 0.3%, at 2,174. Nasdaq-100 futures rose 20.75 points, or 0.4%, at 4,798. Economists polled by MarketWatch had expected 170,000 jobs to be added to the U.S. economy in August, while the broader-market consensus is for about 180,00 jobs, according to FactSet.
