(Reuters) – S&P 500 and Nasdaq futures extended gains on Friday after a weaker-than-expected nonfarm payrolls reading raised investor bets on interest-rate cuts.
A Labor Department report showed nonfarm payrolls increased 22,000 in August, compared with an estimate of a 75,000 rise, according to economists polled by Reuters.
The unemployment rate stood at 4.3%, in line with expectations.
At 08:33 a.m. ET, Dow E-minis were down 50 points, or 0.11%, S&P 500 E-minis were up 15.25 points, or 0.23% and Nasdaq 100 E-minis were up 153.25 points, or 0.65%.
(Reporting by Ragini Mathur in Bengaluru; Editing by Pooja Desai)
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