Stocks headed for jobs boost

December 7, 2012: 8:46 AM ET
sp500 730
Click chart for premarket data.

Investors got a dose of good news Friday morning: The U.S. economy added more jobs than expected in November, and the unemployment rate fell to its lowest level in four years.

U.S. stock futures turned higher after the Labor Department reported employers added 146,000 jobs in November, higher than the 77,000 jobs economists surveyed by CNNMoney had predicted.

Investors will also get a look at how consumers are spending, an important indicator of economic health since it accounts for more than two-thirds of the nation's economy. Reports on consumer sentiment and consumer credit are due out throughout the day.

Still, worries about the fiscal cliff and ongoing back and forth wrangling in Washington will continue to keep investors on edge.

Stocks closed slightly higher Thursday, thanks to strength from the technology sector.

Related: China's top 10 brands

On the corporate front, Netflix (NFLX) CEO Reed Hastings is under investigation by the Securities and Exchange Commission for posting information about the company on his Facebook page that he hadn't disclosed to the SEC. Shares edged lower in premarket trading.

Shares of Smith & Wesson Holding Corp. (SWHC) rose 2% after the gun maker reported strong quarterly earnings results and boosted its full-year outlook.

Fear & Greed Index

European markets were lower in morning trading, after Germany's Bundesbank cut its growth forecasts and warned there was a risk of Europe's biggest economy dipping into recession in early 2013. The dollar was firmer against the euro.

Asian markets ended mixed. The Shanghai Composite performed best, adding 1.6%.

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 17,020.39 -78.06 -0.46%
Nasdaq 4,581.12 0.85 0.02%
S&P 500 1,995.72 -7.65 -0.38%
Treasuries 2.41 0.06 2.65%
Data as of 1:44pm ET
Company Price Change % Change
Apple Inc 103.26 0.75 0.74%
Bank of America Corp... 16.10 0.02 0.09%
Staples Inc 12.60 0.92 7.88%
Facebook Inc 75.82 1.00 1.34%
Intel Corp 34.46 -0.45 -1.30%
Data as of 1:31pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.08%4.24%
15 yr fixed3.19%3.23%
5/1 ARM3.36%3.46%
30 yr refi4.06%4.15%
15 yr refi3.17%3.17%
View rates in your area
Find personalized rates:
Rate data provided