US stock futures edge up after weaker than expected jobs data

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Wall Street equity futures ticked higher and Treasury yields edged lower as traders weighed weaker than expected US jobs data alongside continued questions about the Omicron coronavirus variant.

Futures contracts that wager on the direction of the US’s blue-chip S&P 500 index rose 0.4 per cent, while those tracking the technology-focused Nasdaq 100 added 0.6 per cent.

The yield on the benchmark 10-year Treasury note fell 0.02 percentage points to 1.43 per cent.

US employers added 210,000 new jobs last month, according to the Bureau of Labor Statistics. Economists polled by Reuters had expected to see a gain of 550,000.

Traders may view such an outcome as weakening the Federal Reserve’s resolve to wind down its monetary stimulus policies, which have suppressed borrowing costs and boosted stock market sentiment through the pandemic era.

But financial markets have also been dominated by news about Omicron since last Friday, after the World…

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