Wall Street set for a higher open after better-than-expected jobs report


Wall Street is poised for a higher open Friday, as much uncertainty that hung over the U.S. economy was lifted was lifted with the reveal of the stress test result late Thursday. Investors are still digesting the details of the stress test that found that ten banks of the 19 tested must raise a total of $75 billion in new capital. But this largely known already due to leaks.

Also in focus today is April jobs report. While there is some optimism following ADP's report, economist still expect an 8.9 percent unemployment rate. [Update: Employers cut fewer jobs than expected. Unemployment at 8.9 percent.]

More here: Before the bell: Futures higher after stress test, better-than-expected jobs report