US futures extend gains after July nonfarm payrolls data

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August 7, 2026 8:41 AM EDT

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 5, 2026. REUTERS/Jeenah Moon

Aug 7 (Reuters) - ‌U.S. stock ​index ​futures extended gains on Friday after data ‌showed the U.S. economy unexpectedly ⁠shed jobs in July, dampening ‌expectations of an interest-rate ‌hike in September.

A Labor Department report showed nonfarm payrolls ​fell 23,000 in the month before, far below the ⁠80,000 job additions that economists polled by ​Reuters were expecting.

Unemployment stood at 4.1% in July, easing ​from 4.2% in ‌June. Average earnings on an annual basis ⁠rose 3.2% in July, compared with the 3.5% economists were ⁠expecting.

At 9:33 a.m. ET, U.S. S&P 500 ​E-minis were up 26 points, or 0.34%, Nasdaq 100 E-minis were ‌up 225.5 points, or 0.76%, Dow E-minis were ‌up 97 points, or ⁠0.18%.

(Reporting by Johann ‌M Cherian ​and Sruthi Shankar in Bengaluru; Editing by Pooja ‌Desai)


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Nonfarm Payrolls, Earnings