Dow Jones Industrial Average futures turned negative and indicated a flat open.Posted on January 10, 2020
The U.S. economy added 145,000 jobs in December. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December.
Wages also disappointed, growing by just 2.9% on a year-over-year basis. Economists had forecast a gain of 3.1%. December was also the first month since July 2018 that wages grew by less than 3% from the year before.
The weaker-than-expected data propped up safe havens such as Treasurys and gold. The benchmark 10-year yield fell to 1.83% from around 1.86%. Gold futures, meanwhile, rose to trade marginally higher.