Stocks Set to Jump After Report Indicates Strongest Job Market In Two Decades
Image Credits: Sam valadi, Flickr.
U.S. stock futures climbed firmly higher Friday morning after the jobs report for February came in better than forecast.
Dow Jones Industrial Average futures YMM8, +0.69% rose 151 points, or 0.6%, to 25,072, while those for the S&P 500 futures ESM8, +0.59% advanced 14 points, or 0.5%, at 2,759, while Nasdaq-100 futures NQM8, +0.74% rose 46 points, or 0.7%, to 7,048.50.
The U.S. created 313,000 new jobs in February, the biggest gain since mid-2016 and a reflection of the strongest labor market in two decades. Economists polled by MarketWatch had predicted a 222,000 increase in nonfarm jobs. The unemployment rate was unchanged at 4.1%. Hourly pay rose 4 cents, or 0.1%, to $26.75 an hour, the government said Friday.
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