US STOCKS-Wall St set to open higher after payrolls data

viernes 4 de marzo de 2016 09:40 GYT

* Feb nonfarm payroll growth beats estimates

* HP Enterprise up after strong results

* Futures up: Dow 77 pts, S&P 9.5 pts, Nasdaq 27 pts (Adds details, updates prices)

By Abhiram Nandakumar

March 4 (Reuters) - Wall Street was set to open higher on Friday, after data showed the U.S. economy added more jobs than expected in February.

The Labor Department's report on nonfarm payrolls showed an addition of 242,000 in February, more than the 190,000 expected by economists polled by Reuters.

In a separate report, data showed trade deficit widened to $45.7 billion in January, below the $44 billion estimated, as a strong dollar and weak global demand helped push exports to a near six-year low.

At 8:33 a.m. ET (1333 GMT), Dow e-minis were up 77 points, or 0.46 percent, with 26,262 contracts changing hands. S&P 500 e-minis were up 9.5 points, or 0.48 percent, with 215,969 contracts traded. Nasdaq 100 e-minis were up 27 points, or 0.62 percent, on volume of 26,292 contracts.

The upbeat jobs report adds to a recent string of positive data that points to a modest recovery in the U.S. economic growth, and strengthen the Federal Reserve's case to gradually raise interest rates this year.   Continuación...