A.M. Update – Payrolls Beat, Wages Rise

S&P futures were about unchanged coming into the Payrolls report. Payrolls blew away expectations and sent S&P futures lower (-1.45%). The consensus from Goldman was a 200k print, the report was a surprise and beat to expectations coming in at +263K and just barely a drop compared to the upward revised 284K last month. Nonfarm…