Market Hustle: Stock Futures Fluctuate After January Jobs Report
NEW YORK (TheStreet) -- U.S. stock futures rose, then fell, then turned higher again after employment numbers for January came in lower than expected.
- Futures for the S&P 500 were rising 7 points to 1,774, while futures for the Dow Jones Industrial Average were up 67 points to 15,621. Nasdaq futures rose 20 points to 3,507.
- The U.S. work force added 113,000 jobs in January, lower than consensus of 185,000, according to Thomson Reuters. A significant increase was expected after December's dismal 74,000 reading.
- On Thursday, initial jobless claims for the week ended Feb. 1 fell to 331,000, lower than estimates of 335,000.
- The U.K.'s FTSE 100 rose 0.5% and Germany's Dax gained 0.17%, while France's CAC 40 edged 0.01% higher.
- In Asia, the Hang Seng moved 1% higher, and China's Shanghai Composite topped 0.56%.
- Japan's Nikkei managed to close 2.17% higher, working to erase an 11.2% losing streak since the beginning of the year. The index was hit hard as global markets sold off earlier in the week and as data out of China indicated slowing growth.
- Online travel site Expedia (EXPE) was up 12.5% to $73.30 in premarket activity, after quarterly revenue jumped 18% and per-share earnings beat estimates by 6 cents.
- LinkedIn (LNKD) fell 7.4% to $206.98 before the bell after its 2014 forecast missed consensus. After losing nearly 25% on Thursday, Twitter (TWTR) is recouping some of its losses premarket, adding 1.3% to $50.67.
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