Updated from 7:05 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, May 8:
1. -- U.S. stock futures were rising on the strong jobs report released Friday morning.
European stocks rallied Friday as Prime Minister David Cameron's Conservative Party won a majority in the U.K. elections. Bank stocks rose.
2. -- The economic calendar in the U.S. on Friday includes the all-important nonfarm jobs report at 8:30 a.m. and wholesale trade data at 10 a.m.
3. -- U.S. stocks on Thursday closed up in anticipation of Friday's jobs report.
4. -- The nonfarm jobs report was released by the Bureau of Labor Statistics at 8:30 a.m. In April, 223,000 new jobs were created and the unemployment rate was at 5.4%, the lowest rate since May 2008, before the financial crisis.
Employment numbers were predicted to increase to 220,000 new jobs, up from 126,000 in March, according to economists surveyed by Bloomberg Business. However, estimates for the number of new jobs ranged widely, from 180,000 to 335,000.
The strong nonfarm payrolls report might prompt the Federal Reserve to raise interest rates sooner than it otherwise might.
5. -- Chinese e-commerce site JD.com (JD) said it is investing $350 million in Tuniu, an online travel site. The move will make JD.com the largest shareholder in Tuniu. The Chinese travel market is growing, with about 200 million expected by 2020. The move strikes back against Alibaba (BABA), which has also expanded travel offerings recently.
Alibaba's stock was up 1.3% in premarket trading, and JD.com's ADRs were down 1.5%. JD.com reports earnings Friday as well.
6. -- Syngenta (SYT), a Swiss agricultural company, rejected Monsanto's (MON) $45 billion bid to take it over. Syngenta said the price was too low and that regulatory hurdles would be difficult to clear.
Syngenta chairman Michel Demaré said in a statement that its current valuation is affected by short-term currency and commodity price movements, but "the business outlook is strong." Emerging markets account for more than half of sales. The deal would face "significant execution risks, including regulatory and public scrutiny at multiple levels in many countries."
In premarket trading, Syngenta's ADRs were up 11.4%. Monsanto stock was up 1.6%.
7. -- Citizen taxi app Uber has submitted a $3 billion bid to buy Here, a mapping service from Finnish telecom company Nokia (NOK), according to a report in the New York Times. Nokia's Here program is a competitor to Google (GOOG) (GOOGL) Maps. Other bidders for Here are said to include a consortium of automakers.
In premarket trading, Nokia's ADRs were up 1.6%.