Oct 2 (Reuters) – US stock index futures extended gains on Friday after a softer-than-expected jobs report reinforced expectations that the Federal Reserve would keep interest rates unchanged at its meeting this month.
A Labor Department report showed the US economy added 29,000 jobs last month, compared with 90,000 jobs expected by economists polled by Reuters. The unemployment rate stood at 4.2%, versus expectations of 4.1%.
At 08:31 a.m. ET, Dow E-minis were up 439 points, or 0.85%, and S&P 500 E-minis were up 61.25 points, or 0.79%. Nasdaq 100 E-minis were up 312 points, or 1.01%.
(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shinjini Ganguli)
Comments