US STOCKS SNAPSHOT-Futures pare gains ahead of payrolls report

NEW YORK, May 7 (BestGrowthStock) – U.S. stock index futures pared
gains on Friday ahead of the U.S. government’s April payrolls
report, as nervous investors braced for volatility in the
markets following Thursday’s dramatic intraday bounce in
shares.

S&P 500 futures (SPc1: ) rose 3.1 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) gained 35
points and Nasdaq 100 futures (NDc1: ) added 10.25 points.

U.S. stocks (Read more about the stock market today. ) tumbled 9 percent within the last two hours of
trading on Thursday before clawing back some losses as a
suspected trading error and fears of a new credit crunch in
Europe threw markets into disarray.

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(Editing by Padraic Cassidy)

US STOCKS SNAPSHOT-Futures pare gains ahead of payrolls report