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Stock futures extend gains after jobs data


    (Reuters) - U.S. stock index futures extended their gains on Friday after data showed job growth rebounded last month.

    The U.S. unemployment rate dropped to a near seven-year low of 5.4 percent in April, indicating a pickup in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.

    Nonfarm payrolls increased by 223,000, just below the 224,000 that economists polled by Reuters had expected.

    (Reporting by Tanya Agrawal; Editing by Savio D'Souza)