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.

Chemical Giant DuPont Will Split in 3 Companies, Replace CEO Ed Breen

Chemical giant DuPont is heading towards some major changes. The company announced on Wednesday that it will be splitting into three separate companies while...

Zoom Tops Estimates, Raises Full-Year Forecast

Zoom Video Communications reported its earnings for the first quarter of 2024 on Monday and topped the estimates of Wall Street analysts. The communications...

Reddit Stock Jumps on the Back of Open AI Partnership

Social media platform Reddit announced earlier this week that it is partnering up with artificial intelligence start-up Open AI to improve the experience of...