HomeFinancial MarketsStocks Jump Following Job Growth Cooldown

Stocks Jump Following Job Growth Cooldown

Stock futures surged on Friday after data showed a cooldown in job growth. This data has reinforced hopes that the Federal Reserve will bring an end to its interest rate hiking campaign.

Futures listed on the Dow Jones Industrial Average rose 0.4% as did the S&P 500. Contracts on the tech-heavy Nasdaq 100 advanced by 0.3%. All three indexes recovered from losses sustained earlier in the session.

150,000 jobs were added to the US economy in October, falling short of the 180,000 jobs that were expected to be added. The unemployment rate rose to 3.9%. According to the  Bureau of Labor Statistics, the fall in the pace of job growth was affected by auto industry strikes.

GameStop Shares Surge More Than 35% Ahead of the Earnings Report

Shares of video game and electronics retailer GameStop are on the rise again. The company’s stock has been surging in recent days, gaining more...

Microsoft to Invest $3.2 Billion in UK in AI Push

Microsoft is planning to inject $3.2 billion over the next three years into the United Kingdom in an effort to foster artificial intelligence technology...

European and U.S. Stocks Rise Ahead of U.S. Inflation Data

European and U.S. stocks rose higher during Thursday's morning session as investors awaited U.S. inflation data due to be released later in the day....