Q1 GDP was down 0.3% in the first reading (Briefing.com consensus 0.4%) and the Q1 GDP Deflator was up 3.7% in the advance reading (Briefing.com consensus 3.1%).
The Q1 Employment Cost Index was up 0.9% (Briefing.com consensus 0.9%).
Earlier, the ADP Employment Change estimated 62,000 jobs were added in April (Briefing.com consensus 128,000).
The S&P 500 futures are down 54 points and are trading 1.0% below fair value, the Nasdaq 100 futures are down 273 points and are trading 1.0% below fair value, and the Dow Jones Industrial Average futures are down 188 points and are trading 0.4% below fair value.