Futures extend gains in choppy trading after jobs data
Written by MagaFirstNews on May 3, 2019
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 23, 2019. REUTERS/Brendan McDermid
May 3, 2019
(Reuters) – U.S. stock index futures added to gains in volatile trading on Friday, after data showed U.S. jobs surged in April and the unemployment rate dropped to a more than 49-year-low of 3.6 percent.
The Labor Department’s closely watched monthly employment report showed steady wage gains last month, consistent with moderate inflation.
At 8:34 a.m. ET, Dow e-minis were up 100 points, or 0.38%. S&P 500 e-minis were up 11 points, or 0.38% and Nasdaq 100 e-minis were up 44.25 points, or 0.57%.
Moments before the data, Dow e-minis were up 90 points, or 0.34%. S&P 500 e-minis were up 10 points, or 0.34% and Nasdaq 100 e-minis were up 46.75 points, or 0.6%.
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)