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 The U.S. economy added 266,000 new jobs in November, up from a revised level of 156,000 new jobs in October, and well above economists' expectations of 180,000, according to a MarketWatch poll. The unemployment rate fell to 3.5%, below expectations for a 3.6% reading. Futures for the Dow Jones Industrial Average rose 153 points, or 0.6% to trade around 27,735 while S&P 500 futures added 15.8 points, or 0.5% at 3,133. Nasdaq-100 futures advanced 51 points, or 0.6% to 8,358. Stock-index futures had been trading higher as U.S.-China trade negotiations remained in focus, with optimism that a deal can be reached boosted by news reports that China's State Council on Friday began the process of exempting some punitive tariffs from U.S. agricultural goods.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Scott Kirby Appointed United Airlines CEO One Mile at a TimeUnited's Oscar Munoz to step down as CEO, President Scott Kirby will take over CNBCStocks - Nike, Slack Rise Premarket, United Airlines Falls Investing.comUnited Airlines CEO Oscar Munoz is stepping down CNNUnited CEO Munoz to step down, become executive chairman Fox Business
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Treasury Secretary Stephen Mnuchin on Thursday said he expected a significant pickup in the economy in coming quarters. "There is no question Americans are seeing the benefits of tax cuts," with the U.S. the only economy in the world showing continued growth, Mnuchin said in testimony to the House Financial Services Committee. Mnunchin said the slowdown in GDP growth from the strong first quarter was due to the problems with Boeing's 737 Max, the United Auto Workers strike against General Motors and a significant slowdown in global growth. Mnuchin predicted economic growth will be "quite significant" during the rest of this year and next year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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