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US Stock Futures Rise as Non-Farm Payroll Data Falls Below Expectations
Summary: According to sources, US stock index futures extended gains after December's job growth came in slightly below expectations. Non-farm payrolls in the US increased by 50,000 last month, lower than the consensus forecast of 73,000, with the unemployment rate dropping from a revised 4.5% in November to 4.4%. Art Hogan, Chief Market Strategist at B.Riley ...
According to sources, US stock index futures extended gains after December's job growth came in slightly below expectations. Non-farm payrolls in the US increased by 50,000 last month, lower than the consensus forecast of 73,000, with the unemployment rate dropping from a revised 4.5% in November to 4.4%. Art Hogan, Chief Market Strategist at B.Riley Wealth, noted that the core conclusion of the report is that, in the first timely employment report in three months, there were more good news than bad news. This data eases pressure on the Federal Reserve to cut rates again later this month, although the market still expects a rate cut later this year.
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Link: US Stock Futures Rise as Non-Farm Payroll Data Falls Below Expectations [Copy]
