This Day On The Street
Continue to site
ADVERTISEMENT
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 Climb as U.S. Adds Jobs

NEW YORK (TheStreet) -- U.S. stock futures were gaining ground Friday after a stronger-than-expected monthly jobs report.

  • Dow Jones Industrial Average futures were up 32 points, or 29.13 points above fair value, to 16,520, while S&P 500 futures were up 3.75 points, or 3.62 points above fair value, to 1,881.5. Nasdaq futures were up 6.7 points, or 7.74 points above fair value, to 3,593.5.
  • The U.S. created 288,000 jobs in April vs. the average economist's estimate of 210,000, the Bureau of Labor Statistics reported Friday. The jobless rate fell to 6.3% vs. expectations of a fall to 6.6%.
  • March factory orders will be released at 10 a.m. EDT.
  • President Obama and German Chancellor Angela Merkel are expected to hold a joint news conference after meeting at the White House. Discussions are expected to focus on Russia.
  • Marsh & McLennan (MMC - Get Report) was poised for action after first-quarter earnings of 81 cents a share topped expectations by a penny. Chevron (CVX) is expected by Wall Street on Friday to report first-quarter earnings of $2.51 a share on revenue of $57 billion. LinkedIn (LNKD) was down 1.84% after issuing guidance on Thursday short of analysts' estimates after it said it swung to a loss in the first quarter ended in March.
  • AstraZeneca (AZN) was edging lower in premarket trading after rejecting Pfizer's  (PFE)sweetened bid that values AstraZeneca $106 billion. Merck (MRK - Get Report) shares were drifting lower. The stock was also being closely watched as the FDA asks a panel of advisers to vote on Friday on whether Singulair is safe enough to be approved for nonprescription use. Separately, Bloomberg reported that Bayer is in exclusive talks to acquire Merck's consumer business and is prepared to pay about $14 billion for the division.
  • As of Thursday's regular trading session, 353 companies reported earnings results for the first quarter. S&P Capital IQ said that 237 of those companies beat analysts' estimates, 79 missed, and 37 met. All ten sectors are expecting earnings growth in 2014, with IT (61.6%) leading growth, according to S&P Capital IQ.

-- By Andrea Tse in New York

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
MMC $57.37 -1.21%
MRK $57.52 0.93%
AAPL $123.38 0.50%
FB $95.29 1.19%
GOOG $628.00 0.12%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs