US stock futures fall after strong May payrolls data
U.S. stock index futures extended their declines after the May non-farm payrolls report showed an addition of 172,000 jobs, significantly exceeding economist estimates. The robust labor market data has strengthened expectations that the Federal Reserve will raise interest rates later this year.
United States stock index futures fell on Friday morning after the economy added 172,000 jobs in May, exceeding the 85,000 forecast. This job growth more than doubled economist expectations while the unemployment rate held steady at 4.3%. Stronger labor data increases the probability that the Federal Reserve will hike interest rates later this year.
