The Fed delivered a quarter percentage point interest rate hike Wednesday. Traders' bets of a 25 basis point rate hike at the Federal Reserve's March meeting ticked up after the data while rates were seen peaking at 4.95% by June compared to 4.91% earlier. At 8:35 a.m. ET, Dow e-minis were down 170 points, or 0.5%, S&P 500 e-minis were down 41 points, or 0.98%, and Nasdaq 100 e-minis were down 204.25 points, or 1.59%. Before the data, Dow e-minis were down 70 points, or 0.21%, S&P 500 e-minis were down 21.25 points, or 0.51%, and Nasdaq 100 e-minis were down 100.75 points, or 0.78%. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)
144 3740; Twitter: )) Feb 3 (Reuters) - U.S. stock index futures fell sharply
on Friday after data showed the economy added jobs at a rapid
pace last month, feeding into fears that the Federal Reserve
could keep interest rates higher for longer in its fight against
inflation.
The Labor Department's report for nonfarm payrolls, showed
the economy added 517,000 jobs in January, compared to an
estimate of 185,000 additions.
The unemployment rate ticked down 3.4% in January from 3.5%
in December.
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