Stocks trim losses after job creation falls short of expectations

Stock futures scale back sharp earlier losses after data showed the U.S. added fewer jobs than expected last month, easing worries that the Fed might accelerate withdrawal from its bond buying program; S&P and Dow -0.3%, Nasdaq -0.2%.

"With wage growth coming in less than expected and the unemployment rate ticking up one tenth, the Fed probably feels comfortable at this time with its stance," BTIG's Dan Greenhaus tells CNBC.

Asian markets closed broadly lower after yesterday's U.S. carnage; European markets continue to fall, with the Euro Stock 600 hitting three-month lows.

Bally Technolgoies +30% premarket after Scientific Games revealed plans to buy it in a deal worth $5.1B.

Treasurys rallied off their lows, with the 10-year yield sliding from just under 2.59% to 2.53%.

Still ahead: PMI manufacturing, consumer sentiment, ISM manufacturing, construction spending, global manufacturing PMI.

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