June 5 (Reuters) – U.S. stock index futures extended declines on Friday after a stronger-than-expected jobs report further fueled expectations for the Federal Reserve to hike interest rates this year.
A Labor Department report showed the U.S. economy added 172,000 jobs last month, compared with economists’ estimates for a rise of 85,000. The unemployment rate stood at 4.3%, in-line with expectations of 4.3%.
At 08:32 a.m. ET, Dow E-minis were down 17 points, or 0.03%, S&P 500 E-minis were down 47.75 points, or 0.63%, and Nasdaq 100 E-minis were down 406.75 points, or 1.33%.
(Reporting by Twesha Dikshit; Editing by Shinjini Ganguli)
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