S&P 500 futures pare some losses after jobless claims data

(Reuters) – Futures tied to the S&P 500 pared some losses after a less-than-expected rise in weekly jobless claims calmed some worries over a cooling labor market.

Data showed the number of Americans filing new applications for unemployment benefits came in at 227,000 for the week ended Aug. 31, compared with estimates of 230,000 as per economists polled by Reuters.

On the flip side, ADP National Employment data showed private employers hired the fewest number of workers in 3-1/2-years in August and data for the prior month was revised lower.

At 08:33 a.m., Dow E-minis were up 26 points, or 0.06%, Nasdaq 100 E-minis were down 48.75 points, or 0.26%, and S&P 500 E-minis were down 2.5 points, or 0.05%.