Stock Market Today Will Move on This Good-but-Bad Jobs News

Stock market today, February 6, 2015 : U.S. stock futures for Friday, Feb. 6, showed a 7-point increase from yesterday's close. The Dow Jones added 212 points Thursday on rising oil prices and news that Pfizer Inc. (NYSE: PFE) will purchase Hospira Inc. (NYSE: HSP) for $17 billion, or $90 per share. This morning, investors will look past gloomy European economic data and focus on earnings reports and the U.S. jobs report. The good news: at 8:30 a.m., the Bureau of Labor Statistics announced the U.S. created approximately 257,000 jobs, handily topping consensus expectations of 234,000. The bad news: the unemployment rate in January unexpectedly climbed from 5.6% to 5.7%. The post Stock Market Today Will Move on This Good-but-Bad Jobs News appeared first on Money Morning - Only the News You Can Profit From .
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