Stock futures trim losses following jobs report

Stocks were flat Friday morning, but they reduced their earlier losses after a strong jobs report overshadowed tariffs.

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The U.S. economy added 213,000 jobs in June with the unemployment rate rising to 4%. Wage growth remained steady at 2.7% even though hourly wages inched higher by 0.2%.

Economists surveyed by Thomson Reuters expected the U.S. economy would have added 195,000 jobs in June with the unemployment rate holding steady at May’s 3.8%, which was the lowest since April 2000.

Ticker Security Last Change %Chg I:DJI DOW JONES AVERAGES 24363 +6.26 +0.03% SP500 S&P 500 2741.74 +5.13 +0.19% I:COMP NASDAQ COMPOSITE INDEX 7620.5028 +34.08 +0.45%

China’s customs authority, said China will levy tariffs on 545 items worth $34 billion in response to U.S.’s tariffs, according to the China Daily newspaper. This comes after U.S. tariffs went into effect at 12:01 a.m. ET Friday.

FOX Business’ Ken Martin contributed to this article.

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