Dow futures up 108 points after stronger-than-expected jobs report

Stock-index futures extended modest gains, pointing to a higher start for Wall Street, after a much stronger-than-expected rise in October nonfarm payrolls. Futures on the Dow Jones Industrial Average YMZ19, +0.59% rose 108 points, or 0.4%, to 27,090, while S&P 500 futures ESZ19, +0.58% were up 11.45 points, or 0.4%, to 3,047.25. Nasdaq-100 futures NQZ19, +0.52% gained 37 points, or 0.5%, to 8,127.25. The U.S. economy created 128,000 new jobs in October, above economist’s estimates of a 75,000 gain, while the unemployment rate ticked up to 3.6% from 3.5%, in line with expectations.

See Full Story S&P 500, Nasdaq hit new records after October jobs numbers beat expectations

Stocks jumped at the start of trade Friday, with the benchmark S&P 500 index notching a new intraday record, after the Labor Department estimated the U.S. economy added 128,000 new jobs in October and upwardly revised its estimate of job growth in September and August.

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