Futures extend losses after robust November jobs report
Dec 2 (Reuters) - U.S. stock index futures fell sharply on Friday as higher-than-expected job additions in November poured cold water on investor expectations of the Federal Reserve easing its aggressive monetary policy tightening.
Money market bets show an 87% chance of a 50-basis point hike by the Fed at its December meeting, down from 91% before the data was published.
At 08:32 a.m. ET, Dow e-minis 1YMcv1 were down 414 points, or 1.2%, S&P 500 e-minis EScv1 were down 61.5 points, or 1.51%, and Nasdaq 100 e-minis NQcv1 were down 261.5 points, or 2.17%.
Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta
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