U.S. stock futures extended modest losses after government data showed 160,000 news jobs were created in April, while the unemployment rate remained unchanged at 5%. The jobs number came in below expectations, sparking speculation that the Federal Reserve is likely to stay pat on raising interest rates over the coming months. The S&P 500 futures were down 9 points, or 0.5%, to 2,034. Futures for the Dow Jones Industrial Average were down 69 points, or 0.4%, to 17,503. Meanwhile, the Nasdaq-100 futures were down 17 points, or 0.4%, at 4,282.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News