NEW YORK (TheStreet) -- Stock futures were extending gains Friday after a report showed the U.S. unemployment rate unexpectedly fell last month to its lowest level since 2009.
Futures for the Dow Jones Industrial Average were up 121 points, or 134.6 points above fair value, at 12,705. Futures for the S&P 500 were up 13.6 points, or 14.5 points above fair value, at 1,326. Futures for the Nasdaq were up 26.8 points, or 26 points above fair value, at 2,496.
The Bureau of Labor statistics announced Friday morning that the U.S. economy added 243,000 jobs in January to push the unemployment rate down to 8.3%, the lowest level since February 2009. Economists had expected the addition of 150,000 new jobs last month, and for the unemployment rate to remain unchanged at 8.5%.
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