S&P 500 Profit Anxiety Rises After Jobs Data Sink Futures
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The last thing stock traders want to see is anything to suggest they are underestimating the weakness in U.S. corporate profits.
That may explain their reaction to Friday’s jobs report, which showed American employers added 126,000 workers to payrolls in March, the fewest in more than a year. June e-mini contracts on the Standard & Poor’s 500 Index retreated 0.7 percent from their close on April 2 as of 6:15 a.m. in Hong Kong, maintaining most of the 1 percent decline in abbreviated trading Friday.