U.S. Stocks Turn Mixed as Economy Adds 178,000 Jobs in November

U.S. stocks were mixed Friday, despite a better than expected jobs report. The economy added 178,000 jobs in November, beating estimates of 170,000. The unemployment rate fell to 4.6% from 4.9%, while average hourly wages rose 2.5% over the past 12 months. September's jobs figures were revised higher to growth of 208,000 positions, compared to a previously reported 191,000. Analysts say the jobs numbers are strong enough for the Federal Reserve to raise interest rates when it holds its policy meeting in just two weeks. Starbucks (SBUX) - Get Report shares slumped after its CEO Howard Schultz announced on Thursday that he is stepping down in 2017 to help the company open upscale coffee shops. Current Chief Operating Officer Kevin Johnson will take over as CEO. Allergan (AGN) - Get Report shares were on the rise after settling a lawsuit with Zydus Pharmaceuticals and Cadila Healthcare. The suit centered around patent litigation relating to Delzicol, a colitis treatment. Zydus and Cadila are allowed to sell a generic version of the drug if green lighted by the FDA. TheStreet's Scott Gamm reports from Wall Street.