LIVE MARKETS-US stock futures add to gains after latest jobs data

US equity index futures green: Nasdaq 100 up ~2%

Sep non-farm payrolls 119k vs 50k estimate; unemployment rate 4.4% vs 4.3% est

Euro STOXX 600 index up ~1%

Dollar, bitcoin gain; crude up ~1%; gold slips

US 10-Year Treasury yield ~flat at ~4.13% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

US STOCK FUTURES ADD TO GAINS AFTER LATEST JOBS DATA

The main U.S. equity index futures are higher after the release of the September jobs report. Jobless claims and the Philly Fed Business Index also came out. E-mini S&P 500 futures (EScv1) are up around 1.6% vs a gain of around 1.2% just before the data came out. The futures were already sharply higher after Nvidia’s (NVDA.O) rosy Q4 outlook rekindled animal spirits.

The September nonfarm payroll headline jobs number was +119,000 vs the Reuters Poll calling for +50,000. The prior headline jobs read for August was revised down to -4,000 from +22,000.

The September unemployment rate was 4.4% vs a 4.3% estimate. The prior read was 4.3%.

Wage data on a month-over-month basis was slightly cooler-than-expected. The year-over-year number was slightly hotter-than-expected.

This report’s release had been delayed because of the government shutdown.

Initial jobless claims came in at 220,000 vs a 230,000 estimate and a prior print of 232,000. The November Philly Fed Business Index was -1.7 vs a 2.0 estimate and a prior read of -12.8. According to the CME’s FedWatch Tool, the probability that the Fed leaves its current target rate of 3.75%-4.00% unchanged at its December 9-10 FOMC meeting is now around 64% vs 70% just before the data was released. The chance that the FOMC cuts rates by 25 basis points is now around 36% from 30%.

Interest rate probabilities are now calling for a total of around 86 basis points (bps) of cuts to occur in 2026 vs about 82 bps just before the data was released.

The U.S. 10-Year Treasury Yield (US10YT=RR) is now around 4.12%. It was around 4.15% just before the numbers. The yield ended Wednesday at 4.131%.

All S&P 500 index (.SPX) sector SPDR ETFs are quoted higher in premarket trade with Tech (XLK.P) , up nearly 2.5%, posting the biggest gain. This, with NVDA rallying 5%.

The SPDR Regional Banking ETF (KRE.P) is up around 0.6%.

Regarding the jobs data, Jan Nevruzi, U.S. Rates Strategist at TD Securities, in New York, said:

“Depending on your priors from the Fed, it probably gives both the hawks and the doves something to confirm what they thought. We have a little bit of a stronger number on the headline side, despite the revisions, but the unemployment rate almost rounded up to 4.5%.”

Nevruzi added “We’re rallying (in Treasuries) because we’re bringing the pricing back closer to a coin flip (for the December Fed meeting).”

Here is a premarket snapshot from around 9 a.m. ET:

(Terence Gabriel, Karen Brettell)

EARLIER ON LIVE MARKETS:

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