U.S. stock futures rose ahead of the opening bell, even though the government said only 113,000 jobs were created in January. The unemployment rate came in at 6.6%.
Economists surveyed by CNNMoney expected the U.S. economy to have added 178,000 jobs, and the unemployment rate to remain unchanged at 6.7%.
Some economists had warned that a weak jobs report could be expected due to unusually cold weather in January.
U.S. stocks rallied Thursday, with the Dow Jones Industrial Average and S&P 500 logging their biggest gains of the year. Investors were encouraged after fewer-than-expected Americans filed for unemployment benefits last week.
LinkedIn ( shares sank in premarket trading after the professional networking site )reported issued disappointing guidance.
News Corp ( shares rose following quarterly earnings that beat expectations. )
Shares of Outerwall Inc. (, which produces Redbox and Coinstar dispensers, surged nearly 10% on news that the company plans to buy back $350 million worth of stock. )
Shares rose for ArcelorMittal ( after the steel and mining company reported a narrower-than-expected quarterly loss. )
European markets were mostly higher in morning trading.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.39%||4.31%|
|15 yr fixed||3.42%||3.33%|
|30 yr refi||4.40%||4.31%|
|15 yr refi||3.40%||3.34%|
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