Futures extend losses after robust November jobs report

Follow us on Google News:

(Reuters) - U.S. stock index futures fell sharply on Friday as higher-than-expected job additions in November poured cold water on investor expectations of the Federal Reserve easing its aggressive monetary policy tightening.


Money market bets show an 87% chance of a 50-basis point hike by the Fed at its December meeting, down from 91% before the data was published. [FEDWATCH]

At 08:32 a.m. ET, Dow e-minis were down 414 points, or 1.2%, S&P 500 e-minis were down 61.5 points, or 1.51%, and Nasdaq 100 e-minis were down 261.5 points, or 2.17%.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta)

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.