Stock futures take off on jobs report

NEW YORK (AP) — Stock futures rose Friday after the April jobs report showed unemployment hitting a four-year low.

After a dismal report in March, the Labor Department said that employers added 165,000 jobs added in April, and upwardly revised figures for the previous two months eased fears that the economic recovery had stalled.

Dow Jones industrial futures rose 113 points to 14,873. S&P futures added 10.2 points to 1,602.50. Nasdaq futures rose 21.50 points to 2,923.50.

Trading before the report had been very light, with markets placing so much weight on the Labor Department report.

There was an average of 208,000 jobs created each month from November through April. That tops the 138,000 jobs added in the previous six months.

Also out Friday are the Institute for Supply Management’s index on service companies and the Commerce report on factory orders.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s