Stocks Climb as Jobs Report Beats Expectations
U.S. stock futures surged on Wednesday following a robust jobs report that surpassed expectations. Nonfarm payrolls rose by 130,000 in January, exceeding predictions of a 70,000 increase. The unemployment rate dipped to 4.3%. Major stock indices, including Dow, S&P 500, and Nasdaq, showed gains.
U.S. stock index futures made significant strides on Wednesday following a surprisingly strong jobs report that outperformed expectations. The Labor Department revealed nonfarm payrolls surged by 130,000 in January, surpassing economists' forecasts of a 70,000 increase.
The unemployment rate saw a decline to 4.3%, in contrast to the anticipated 4.4% figure. This data fueled optimism in the markets.
As of 08:32 a.m. ET, the Dow E-minis climbed 165 points or 0.33%, S&P 500 E-minis gained 26.75 points or 0.39%, and the Nasdaq 100 E-minis advanced by 108.75 points, or 0.43%.
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