HomeFinancial MarketsU.S. Futures Rise Following Positive Jobs Outlook

U.S. Futures Rise Following Positive Jobs Outlook

U.S. stock futures were higher on Friday following the release of the Labor Department’s jobs report for December. The final jobs report of 2022 showed an addition of 223,000 jobs, bringing the nation’s unemployment rate down to 3.5%, thereby beating analysts’ forecasts of a 3.7% unemployment rate.

Futures on the S&P 500 index, as well as the Dow Jones Industrial Average both, edged 0.4% higher, while futures on the tech-heavy Nasdaq Composite 0.5%.

Shares in World Wrestling Entertainment surged by over 10% in early trade following the announcement that former chief executive Vince McMahon would explore the sale of the business. Big box retailer Costco gained 2% after the company reported positive December sales data.

Bed Bath & Beyond plunged by over 13% on Thursday morning after the company announced its decision to explore bankruptcy as it continues to run out of cash. Tesla fell by more than 7% in pre-market trading following the electric vehicle maker’s decision to reduce its prices in China following a decline in deliveries in December.

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