US STOCKS-Futures little changed after soaring last week on strong jobs data
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By Tanya Agrawal
May 11 (Reuters) - U.S. stock index futures were little changed on Monday after the market surged on Friday on strong jobs data that showed the U.S. economy was picking up steam, but not by enough to raise concerns about an earlier-than-expected interest-rate rise.
U.S. stock indexes ended more than 1 percent higher on Friday after data showed that U.S. job growth rebounded last month and the jobless rate dropped to a near seven-year low.
"There will be some carry-over from the positive jobs report but not at the same magnitude," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
European markets were under pressure as euro zone finance ministers met to discuss a cash-for-reforms deal for Greece, which faces a series of debt repayments this week.
Asian shares rose as investors cheered China's third rate cut in six months. Continuación...