{"id":1677816,"date":"2022-10-07T08:52:50","date_gmt":"2022-10-07T12:52:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677816"},"modified":"2022-10-07T08:53:44","modified_gmt":"2022-10-07T12:53:44","slug":"futures-fall-sharply-as-jobs-data-fuels-rate-hike-worries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-fall-sharply-as-jobs-data-fuels-rate-hike-worries\/","title":{"rendered":"Futures fall sharply as jobs data fuels rate hike worries"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-fall-sharply-as-jobs-data-fuels-rate-hike-worries%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677816&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     U.S. stock index futures fell sharply on Friday, as data showed bigger-than-expected job additions last month and a drop in the unemployment rate, giving more room for the Federal Reserve to stick to aggressive interest-rate hikes. <\/p>\n<p>The Labor Department\u2019s closely watched employment report showed nonfarm payrolls increased by 263,000 jobs last month after rising 315,000 in August.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The report also showed the jobless rate was at 3.5% in September, below expectations of 3.7%. Traders now see a 89.8% chance of 75 basis-point hike by the Fed, up from 83.4% before data.<\/p>\n<p>Aggressive interest rate hikes have made businesses more cautious about the economy, but the labor market remains tight, giving the Fed ample leeway to continue with its monetary tightening plan. <\/p>\n<p>Shares of Advanced Micro Devices Inc lost 6% in premarket trading, leading declines among chipmakers, as its third-quarter revenue estimates were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected.<\/p>\n<p>At 08:35 a.m. ET, Dow e-minis were down 41 points, or 0.14%, S&#038;P 500 e-minis were down 14.75 points, or 0.39%, and Nasdaq 100 e-minis were down 94.75 points, or 0.82%.<\/p>\n<p>Moments before the data, Dow e-minis were up 71 points, or 0.24%, S&#038;P 500 e-minis were up 3 points, or 0.08%, and Nasdaq 100 e-minis were down 18 points, or 0.16%.<\/p>\n<p> (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/nasdaq-futures-slip-on\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-24\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI960L3-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI960L3-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 U.S. stock index futures fell sharply on Friday, as data showed bigger-than-expected job additions last month and a drop in the unemployment rate, giving more room for the<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1677816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1677816"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1677816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1677816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1677816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}