U.S. Stock Futures Jump on Jobs Report

Wed Oct 3, 2007 8:43 PM EDT

business, wall-street, wall, street, dow-jones

NEW YORK — U.S. stock futures jumped Friday after the government reported strong September job growth and revised August's weak data upward.

The Labor Department said employers created 110,000 jobs in September, near analysts' forecast for an increase of 115,000. Crucially, August payrolls were changed to a gain of 89,000 versus the previous estimate of a 4,000 decline.

Strength this year in the job market amid a housing downturn and tighter credit conditions has been an important pillar for the economy.

Dow Jones industrial average futures for December surged 94, or 0.66 percent, to 14,133. Standard & Poor's 500 futures gained 11.70, or 0.75 percent, to 1,563.90. Nasdaq 100 index futures jumped 17.00, or 0.80 percent, to 2,140.00.

Bonds fell sharply. The yield on the 10-year Treasury note, which moves opposite its price, climbed to 4.60 percent from 4.53 percent late Thursday.

0 Votes
Enjoy this article? Help vote it up the 'Vine.

Published to:

Lauren Villagran's Column, All of Newsvine
Groups: none
Regions: United States , New York

What's this?

Who's leading the conversation?

This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.

0.5

{"commentId":1074314,"authorDomain":"ahah394"}

ahah394

While Merrill Lynch was not the only financial firm to suffer from losses this quarter, it is important to remember that all of these firms (Merrill Lynch, Goldman Sachs, UBS, Deutsche Bank, Lehman Brothers, Citigroup, Bear Stearns, etc. ) all have very capable and experienced Directors. NewsVisual has created interactive Knowledge Maps of the Boards of these companies. Check them out, they provide a wealth of inside information right at your fingertips.

{"commentId":1074314,"threadId":"158010","contentId":"1002553","authorDomain":"ahah394"}

#1 - Thu Oct 4, 2007 6:36 PM EDT

{"canLink":false,"threadId":"158010","isPrivate":false}

Stocks Retreat After Economic Data	Associated Press	Wed Oct 3
U.S. Stock Futures Point to Higher Open	Associated Press	Thu Oct 4
Jobless Claims Jump by 16,000	Associated Press	Wed Oct 3
Stocks End Higher Following Jobs Report	Associated Press	Fri Oct 5
110,000 Jobs Added to Economy Last Month	Associated Press	Thu Oct 4

Backyard

U.S. Stock Futures Jump on Jobs Report

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: