Dow futures jump 200 points after blockbuster jobs report signals economy on solid ground: Live updates

[Quixote1818]

U.S. stock futures rallied on Friday after the all-important jobs data came in much stronger than economists expected.

Futures tied to the Dow Jones Industrial Average
gained 201 points, or 0.5%. S&P 500 futures
and Nasdaq 100 futures
climbed 0.7% and 1%, respectively.

Nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.

Friday’s premarket advances mark a turn after mounting geopolitical tensions in the Middle East gave way to a shaky start in October for the stock market.

With Friday’s gain, major averages could claw back losses for this week. The S&P 500 is off 0.7% week to date, as is the Dow. The Nasdaq is on track for a loss of 1.1% in the period.

More: https://www.cnbc.com/2024/10/03/stock-market-today-live-updates.html

[617Blue]

1. Biden Harris economy is strong. Wage growth continues.

[bucolic_frolic]

2. that's good, blockbuster is good after lackluster week

[RAB910]

3. The end of the dock workers strike probably helped