US STOCKS-Wall St pares gains after weak private jobs data

miércoles 2 de septiembre de 2015 08:51 GYT
 

* US private sector added fewer-than-expected jobs in August

* Ambarella falls as Q3 revenue forecast misses expectations

* Navistar falls on possibility of SEC lawsuit

* Futures up: Dow 92 pts, S&P 10 pts, Nasdaq 25 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Sept 2 (Reuters) - U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.

ADP data showed U.S. private employers added 190,000 jobs in August, up from a revised 177,000 in July but short of economists expectations of 201,000.

The ADP data comes ahead of a Friday's more comprehensive non-farm rolls data, the last monthly employment report before the U.S. Federal Reserve meets on Sept. 16-17. The Fed is widely expected to make an announcement on interest rates then.

"I don't think this numbers means anything at all. I think it takes a huge miss for it to have any impact on the Fed's decision to hike rates," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.   Continuación...