Stock futures were flat Thursday as investors looked beyond the hawkishness of the Federal Reserve’s meeting minutes released in the afternoon toward labor data coming later this week.
Futures tied to the Dow Jones Industrial Average lost just 11 points. S&P 500 and Nasdaq 100 futures were both marginally lower as well.
The moves follow a choppy trading session as traders pored over a mixed bag of economic data.
November’s Job Openings and Labor Turnover, or JOLTS, report showed the job market remained strong, bolstering concerns that the Fed could continue raising interest rates as long as there remained a hot market for workers. But the ISM manufacturing index showed the sector was contracting after 30 months of expansion, which investors saw as a positive indicator that previous rate hikes had the intended impact of cooling the economy.