December 10, 2024

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Dow futures higher after October jobs report

Dow futures higher after October jobs report

Economists had anticipated a weak October jobs reading as two hurricanes and an ongoing strike at Boeing were expected to have an impact on the data.

But the official number showed just 12,000 new jobs were created last month, well below even the most pessimistic Wall Street forecast. The unemployment rate, meanwhile, stood at 4.1%.

Stock futures have been volatile in the aftermath of the data, but have mostly clung to their gains from earlier in the session.

Here is where they stood in recent trade:

S&P 500 futures were up 26 points, or 0.5%, at 5,765.

Dow futures were up 154 points, or 0.4%, at 42,101.

Nasdaq-100 futures were up 113 points, or 0.6%, at 20,135.