U.S. Stocks Soar on December Jobs Numbers; Bed Bath & Beyond’s Profit Falls

U.S. stocks moved higher at the opening bell on Friday, following a stellar December jobs report. The economy created 292,000 jobs during the month - beating estimates of 200,000. The numbers for October and November were revised significantly higher. 'The world was very concerned about the slowdown in the Chinese economy and the volatility in that stock market and now we get some good news on the U.S. side of the equation,’ said Nick Colas, chief market strategist at Convergex, a New York-based brokerage firm. Speaking of China - its benchmark Shanghai Composite Index rose 2 percent on Friday, as circuit breakers that caused plenty of panic earlier in the week were suspended. And, retailer Bed Bath & Beyond (BBBY) reported fiscal 2015 third quarter earnings of $1.09 a share, compared to $1.23 during the same quarter last year. Though comparable digital sales rose 25 percent year-over-year. TheStreet’s Scott Gamm reports from Wall Street.