May 8 (Reuters) – U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists’ estimates for a rise of […]
Business
US stock futures extend gains after April non-farm payrolls data
Audio By Carbonatix
May 8 (Reuters) – U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy.
A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists’ estimates for a rise of 62,000. The unemployment rate stood at 4.3%, compared with expectations of 4.3%.
At 08:33 a.m., Dow E-minis were up 207 points, or 0.42%, and S&P 500 E-minis were up 43.5 points, or 0.59%. Nasdaq 100 E-minis were up 247 points, or 0.86%.
(Reporting by Utkarsh Hathi in Bengaluru; Editing by Pooja Desai)