U.S. Stock Futures Pare Gain, Yen, Treasuries Rally on ADP Data
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U.S. stock futures trimmed gains, while Treasuries rallied and the yen strengthened to a 15-year high versus the dollar, after a report showed private employers unexpectedly cut jobs last month.
Futures on the Standard & Poor’s 500 Index expiring in December rose 0.1 percent to 1,155.8 at 8:17 a.m. in New York after climbing 0.4 percent earlier. Dow Jones Industrial Average futures gained 18 points, or 0.2 percent, to 10,882. The yen strengthened to 82.77 per dollar and the 10-year Treasury note’s yield lost 5 basis points to 2.42 percent.