Stocks to open significantly higher after surprisingly positive jobs report

U.S. stocks are, for now, set to open slightly higher. But stock futures, which edged higher Friday morning, traded in a narrow range as investors await November's government employment report, hoping it will show a declining rate of job losses. Any large surprise to the upside or downside may not only set the tone for the day, but for some time.

Update: The U.S. labor market improved markedly in November, the Labor Department reported Friday. The unemployment rate fell back to 10%. Nonfarm payrolls dropped by a seasonally adjusted 11,000 in November, the smallest decrease since December 2007. U.S. stock futures surged after the report, indicating Wall Street would open significantly higher.

More here: Before the bell: Futures inch higher ahead of jobs report
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.