“U.S. stock futures were mostly flat after a reading on the labor market came in below expectations,” Tomi Kilgore and Alexandra Scaggs report for The Wall Street Journal.
“Private-sector jobs growth for March was much lower than expected. Data compiled by Automatic Data Processing and Moody’s Analytics showed an increase of 158,000 jobs on the month, well below the 192,000 expected,” Kilgore and Scaggs report. “The Institute for Supply Management’s non-manufacturing purchasing managers index for March, due out at 10 a.m., is seen slipping to 55.8 from February’s 56.0.”
Kilgore and Scaggs report, “Among early stock movers, Apple [AAPL] gained in premarket trading in response to news that the technology giant plans to start producing a refreshed iPhone during the second quarter, making a summer launch of a new iPhone possible.”
Read more in the full article here.