U.S. Stock Futures Extend Losses After Jobs Report
U.S. stock futures extended modest losses after government data showed 160,000 news jobs were created in April, while the unemployment rate remained unchanged at 5%. The jobs number came in below expectations, sparking speculation that the Federal Reserve is likely to stay pat on raising interest rates over the coming months. The S&P 500 futures were down 9 points, or 0.5%, to 2,034. Futures for the Dow Jones Industrial Average were down 69 points, or 0.4%, to 17,503. Meanwhile, the Nasdaq-100 futures were down 17 points, or 0.4%, at 4,282.
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