NEW YORK ( TheStreet) -- U.S. stock futures remained in negative territory following a jobs report that showed unemployment was a touch lower at 9% but no significant improvement in the number of jobs added to the economy. Futures for the Dow Jones Industrial Average were falling 7 points, or 20.4 points below fair value, at 11,969. The index jumped 387 points, or 3.3% in the last two trading days. Futures for the S&P 500 were losing 1.9 points, or 3.7 points below fair value, at 1253, while Nasdaq futures were shedding 72 points, or 10.8 points below fair value, at 2353.
The U.S. monthly jobs report
showed that the economy added 80,000 new jobs in October, slightly short of expectations. However unemployment edged down to 9% from 9.1% in September. The market largely shrugged off the report given that the figures didn't surprise to the downside but weren't all too inspiring either. The focus largely turned back to Europe after the release of the report. "The monthly employment report has largely become an afterthought, not only because European concerns are so dominant but also because labor market developments are unsurprising," writes Dan Greenhaus, strategist with BTIG. On Thursday, stocks rallied for a second day in a row as Greece moved closer to accepting the eurozone's bailout plan, and the European Central Bank cut interest rates unexpectedly. With Greece's government still on the brink of a collapse, headlines from Europe still threaten to spark panic in the financial markets. Greek Prime Minister George Papandreou faces a confidence vote on Friday. Meanwhile, leaders of the Group of 20 major economies continue talks over containing Europe's debt crisis amid broader discussions on global economic growth in a summit that kicked off in Cannes, France on Thursday. European stocks turned mixed with London's FTSE was up 0.9% and Germany's DAX down 0.5%. Asian stocks posted gains for the first time in five days. Japan's Nikkei Average finished up 1.86% and Hong Kong's Hang Seng jumped 3.12%. The euro extended its gains from the prior session, rising 0.2% to $1.38. The dollar index, a measure of the dollar's value against a basket of currencies, was about unchanged. The benchmark 10-year Treasury was last losing 3/32, pushing the yield to 2.09%. Gold for December delivery was losing $6.40 to trade at $1758.70 an ounce. In other commodities, the December crude oil contract edged up 76 cents to trade at $94.83 a barrel. In corporate news, LinkedIn ( LNKD) were falling 10% before the open. The business social network posted its first quarterly loss since its May initial public offering even as revenue more than doubled during the time period. LinkedIn said it will raise up to $500 million in another stock sale. Starbucks ( SBUX) was rising nearly 4% after beating Wall Street profit expectations for its fiscal fourth-quarter by a penny on better-than-expected revenue. But the coffee chain gave a fiscal 2012 outlook below analysts' expectations due to expectations of higher commodity costs. Alcatel-Lucent ( ALU) fell 13%. The technology company posted improved third-quarter profit but cut its profit and sales forecasts for 2011 on uncertainty in Europe. AIG ( AIG) was off 3.4% after posting its biggest quarterly loss since 2009, hurt by declining markets and an impairment charge on its plane-leasing subsidiary. AIG also announced a plan to buyback $1 billion worth of common shares. Finally, the spotlight also turns to Groupon, which starts trading on the Nasdaq under the symbol "GRPN." The online deals company priced its initial public offering above range at $20 per share and has sold more stock than expected, putting the company's market capitalization at around $12.6 billion. -- Written by Chao Deng in New York.