A strong jobs number this morning has the stock market in recovery mode:
| Futures jump after report shows nearly 300K jobs added | |
| Stock futures shot higher following the release of the monthly nonfarm payrolls report. The report showed the addition of 292,000 nonfarm jobs, versus expectations for 200,000 nonfarm job additions. Private payrolls grew by 275,000 jobs, versus expectations for 201,000 jobs to have been added last month. The unemployment rate remained at 5.0%, as expected. The labor force participation rate was 62.6%, versus last month's 62.5%. In pre-market trading following the report, Dow futures are 225 points above fair value, Nasdaq futures are 67 points above fair value and S&P futures are 27 points above fair value | |
With the jobs report out of the way we can take a look at where the market is headed over the coming days.
First - Let's look at some charts: