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Empresas y finanzas

Stock futures pare gains after ADP data


    NEW YORK (Reuters) - Stock index futures pared gains on Wednesday following a report that showed further signs of deterioration in the labor market.

    ADP Employer Services said U.S. private employers cut 697,000 jobs in February, unnerving news ahead of Friday's government U.S. nonfarm payrolls report for last month.

    S&P 500 futures rose 10.10 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 climbed 91 points and Nasdaq 100 futures gained 15.25 points.

    (Reporting by Ellis Mnyandu; Editing by James Dalgleish)