US STOCKS SNAPSHOT-Futures extend losses after Dec. non-farm payrolls data
ReutersJan 10, 2025 1:33 PM
Jan 10 (Reuters) - U.S. stock index futures extended losses on Friday after a better-than-expected non-farm payrolls report for December ignited worries that the Federal Reserve will be cautious in cutting interest rates this year.
A Labor Department report showed the U.S. economy added 256,000 jobs last month, compared with economists' estimate of a rise of 160,000. The unemployment rate stood at 4.1%, compared with expectations of 4.2%.
At 08:31 a.m. ET, Dow E-minis 1YMcv1 were down 269 points, or 0.63%, S&P 500 E-minis EScv1 were down 44.25 points, or 0.74% and Nasdaq 100 E-minis NQcv1 were down 182.75 points, or 0.86%.
(Reporting by Sukriti Gupta; Editing by Maju Samuel)
((Sukriti.Gupta@thomsonreuters.com;))
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