U.S. stock futures jumped after a report on January employment showed the biggest growth in jobs in nine months and an unemployment rate that dropped to 8.3 percent.
Dow Jones industrial futures jumped 92 points to 12,758. The broader S&P 500 futures increased 11 points to 1,334. The Nasdaq composite rose 24 points to 2,515.
Optimism over the U.S. jobs figures had helped stocks and the euro to rally on Friday despite further evidence that the 17-nation eurozone is heading for recession.
Following a run of fairly strong U.S. economic data, investors are increasingly confident that the world's largest economy is over a soft patch from last summer, helping to offset the global economic impact wrought by Europe's ongoing debt crisis.
Copyright 2016 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus