A pesar del buen dato del empleo:
U.S. Stock Futures Erase Gains as Wage Growth Trails Forecasts
March 4 (Bloomberg) -- U.S. stock futures erased earlier gains, signaling the market may retreat a day after the biggest rally in three months, as government data signaled that growth in wages may fail to keep pace with a surge in energy costs.
“I’m concerned about hourly earnings being flat,” said Paul Zemsky, New York-based head of asset allocation for ING Investment Management, which oversees $550 billion. “With rising gas prices this means that consumers’ real income is not increasing, which will put downward pressure on consumption.”
Futures on the Standard & Poor’s 500 Index slipped less than 0.1 percent to 1,329.1 at 8:43 a.m. in New York after climbing as much as 0.4 percent earlier. Crude oil rallied 1.2 percent to $103.15 a barrel on concern violence in Libya and the Middle East will curtail output.
Average hourly earnings were unchanged in February, Labor Department data showed. Economists in a Bloomberg survey had forecast 0.2 percent growth. The data offset a 192,000 increase in payrolls and an unexpected decline in the unemployment rate to 8.9 percent.
To contact the editor responsible for this story: Michael Regan at
mregan12@bloomberg.net