S&P futures flat as investors bide time until key economic reports

Published by
Reuters

By Medha Singh (Reuters) – The latest leg of a surge in so-called “meme stocks” stood out in early moves on Wall Street on Wednesday, while futures tracking the main stock indexes were broadly flat ahead of closely watched economic data this week. A weekly unemployment report and May’s private payrolls data on Thursday will be followed by the crucial monthly jobs numbers on Friday. Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries. The S&P 500 slipped after three straight days of gains on Tuesday as losses i…

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