Stock futures slightly lower after weak adp report on private-sector payrolls


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U.S. stock-index futures went from slightly higher to slightly lower after ADP said private-sector employers added just 37,000 jobs in May. Economists surveyed by The Wall Street Journal had


penciled in a consensus forecast for 112,000 jobs. Futures on the Dow Jones Industrial Average were down 40 points, or 0.1%, while S&P 500 futures also fell 0.1% and Nasdaq-100 futures


were down 0.2%. Futures had held gains of around 0.1% ahead of the data. Economists caution the ADP figures don't tend to be a reliable guide to official payrolls data, with the May


jobs report due on Friday. Economists expect that report to show the U.S. economy added a total of 125,000 jobs last month.