US stock futures little changed after jobs survey

US stock futures little changed after jobs survey


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NEW YORK (AP) — U.S. stock futures are little changed after a survey showed that U.S. companies added slightly more jobs in February than in the previous month.

KEEPING SCORE: The Dow Jones industrial average futures are down two points to 16,379. The Standard & Poor's 500 index futures is flat at 1,871 and the Nasdaq futures are up two points to 3,719.

JOBS NUMBER: Payroll processor ADP said Wednesday that businesses added 139,000 jobs last month, up from 127,000 in January. But January's figure was revised sharply lower from an original estimate of 175,000. The ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. The U.S. Department of Labor releases its own employment report Friday. Economists believe that the U.S. will report that employers generated 145,000 jobs in February.

CORPORATE FRONT: The chief information officer at Target is stepping down as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach. Beth Jacob had held the position since 2008 and oversaw teams in the U.S. and India.

TREASURYS AND COMMODITES: The yield on the 10-year Treasury note rose to 2.71 percent from 2.70 percent on Tuesday. The price of oil fell 29 cents, or 0.3 percent, to $103.03 a barrel. Gold fell 90 cents, or 0.1 percent, to $1,337.10 an ounce.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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STEVE ROTHWELL

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