* 156,000 jobs added in September vs est. 175,000
* Dollar pares gains to trade flat
* Gap rises after same-store sales fall less than expected
* Futures up: Dow 45 pts, S&P 3.5 pts, 6.75 pts
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
Oct 7 Wall Street was set to open little changed
on Friday after a weaker-than-expected September jobs report
appeared to reduce the chance of a U.S. interest rate hike this
U.S. employment growth slowed for the third straight month
in September to 156,000. Economists polled by Reuters had
forecast 175,000. The unemployment rate ticked up to 5.0 percent
from 4.9 percent.
"This is a good number all the way around," said Michael
Jones, chief investment officer at Riverfront Investment Group
in Richmond, Virginia.
"It's strong enough that you're not worried about the U.S.
slipping back into the kind of slump that we had in the first
quarter, but it's not so strong that it precipitates immediate
action from the Fed."
The dollar pared gains after the report.
Investors will look out for comments from Fed officials
including Vice Chairman Stanley Fischer, considered an interest
rate hawk, and Board Governor Lael Brainard, who has been more
dovish, for their take on the labor market.
Dow e-minis were up 45 points, or 0.25 percent at
8:31 a.m. ET, with 30,387 contracts changing hands.
S&P 500 e-minis were up 3.5 points, or 0.16 percent,
with 213,102 contracts traded.
Nasdaq 100 e-minis were up 6.75 points, or 0.14
percent, on volume of 30,329 contracts.
Sterling plunged as much as 10 cents to $1.1491 in just a
few minutes in Asia, a "flash crash" that fueled concerns about
the vulnerability of the British currency.
Wall Street closed flat on Thursday as investors remained
wary ahead of the jobs data.
Brent crude, which has closed above $50 all this week, fell
slightly as the dollar strengthened.
Shares of GW Pharmaceuticals were up nearly 2
percent at $135.72 premarket after Goldman Sachs initiated
coverage of the stock with a "buy" rating.
Gap rose 6.7 percent after the clothing retailer
reported a lower-than-expected fall in comparable sales for
Cruise operator Carnival Corp was down 1.9 percent
as a major hurricane hits Florida, threatening travel.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by