July 2 (Reuters) – U.S. stock index futures extended gains on Thursday after a weaker-than-expected jobs report tempered expectations for interest rate hikes by the Federal Reserve this year.
A Labor Department report showed the U.S. economy added 57,000 jobs last month, compared with economists’ estimates for a rise of 110,000. The unemployment rate stood at 4.2%, in line with expectations of 4.3%.
At 08:30 a.m. ET, Dow E-minis were up 196 points, or 0.38%, U.S. S&P 500 E-minis were up 30.5 points, or 0.4%, and Nasdaq 100 E-minis were up 180 points, or 0.6%.
(Reporting by Avinash P in Bengaluru; Editing by Devika Syamnath)
