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.

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

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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

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U.S. Stock Futures Jump on Jobs Report

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