NEW YORK, Oct 8 (Reuters) - U.S. stock index futures rose on Friday as investors took a worse-than-expected jobs report as a sign the Federal Reserve would take more action to spur an economic recovery.
Futures initially moved sharply lower after the report, then quickly trimmed losses and turned positive.
S&P 500 futures gained 1 point and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 8 points and Nasdaq 100 futures rose 3.5 points.