Futures swing after grim jobs report By Reuters

© Reuters. FILE PHOTO: The Fearless Girl statue is seen as the U.S. flag covers the front facade of the NYSE in New York

(Reuters) – U.S. stock index futures sharply pared gains on Friday immediately after data showed worse-than-expected jobs growth in November, but rose again on growing bets of a new fiscal stimulus package.

Nonfarm payrolls increased by 245,000 jobs last month after rising by 610,000 in October, according to the Labor Department. That was the smallest gain since the jobs recovery started in May.

dropped 9 points right after the Labor Department’s data. At 08:37 a.m. EST, they were up 0.36%.

Dow E-minis were up 132 points, or 0.44%. E-minis were up 35.75 points, or 0.29%.

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