This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Market Hustle: Stock Futures Rise After Solid Jobs Report

NEW YORK (TheStreet) -- U.S. stock futures were climbing higher Friday as the monthly U.S. government jobs report showed that the labor market was beginning to shake off the effects of prolonged bad weather.

Dow Jones Industrial Average futures were up 64 points, or 72.45 points above fair value, to 16,565, S&P 500 futures were higher by 8 points, or 9.58 points above fair value, to 1,891, and Nasdaq futures were up 19.2 points, or 21.12 points above fair value, to 3,650.

  • The government jobs report for March showed a good pace of job creation with an addition of 192,000 jobs vs. the average economist's estimate of 200,000 jobs. The February figure was revised up to 197,000. The jobless rate remained at 6.7%; a dip to 6.6% was expected.

  • The FTSE 100 and DAX in Germany were also drifting higher, rising 0.51% and 0.4%, respectively. The Nikkei 225 in Japan settled down 0.05% and Hong Kong's Hang Seng closed down 0.24%.

  • U.S. stocks fell Thursday as jobs growth in the service sector hit its lowest level in a year and unemployment claims rose. The S&P 500 continues to sit near record highs, gaining 1.7% over the week after closing at a new record high on April 2.

  • Micron (MU) was gaining more than 4% in premarket trading after the semiconductor specialist beat Wall Street's estimates and swung to a profit in its fiscal second quarter. Mylan (MYL - Get Report)was surging more than 11.5% after The Wall Street Journal reported that the company is looking at buying Swedish drug maker Meda. Carmax (KMX) shares were shedding 4.54% after the company reported that revenue rose but it came in below analysts' estimates. The company also announced that it has hiked its share-buyback program by $1 billion. GameStop (GME - Get Report) was higher by 3.63% after being upgraded by Bank of America to "buy" from "neutral."

-- By Andrea Tse in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GME $40.71 0.00%
MYL $76.06 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs