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MarketWatch MarketPulseDec 06, 2019
Stock-index futures rally after data show U.S. added 266,000 jobs in November
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.



MarketWatchDec 06, 2019
Metals Stocks: Gold inches lower as markets watch for Friday's jobs report
Gold futures edge lower on Friday, as traders await monthly domestic employment data, which may influence haven demand for the precious metal.

MarketWatch MarketPulseDec 06, 2019
Treasury yields jump after Friday jobs report shows that U.S. added 266,000 jobs in November
U.S. Treasury yields Friday morning popped higher across the board after a key employment report showed the U.S. created a hotter-than-expected 266,000 new jobs in November, marking the biggest gain since the first month of the year. The 10-year Treasury note rose 5.5 basis points to 1.850%, the 2-year Treasury note added 5.5 basis points to 1.637%, while the 30-year Treasury bond added 3.8 basis points to 2.284%. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of an auto-workers strike at General Motors Co. . That added roughly 50,000 jobs to the payrolls number. Meanwhile, the unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 7 cents, or 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%.

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.



MarketWatch MarketPulseDec 06, 2019
Genesco's stock set to soar after profit and same-store sales beats, raised guidance
Shares of Genesco Inc. were indicated up about 11% in premarket trading Friday, after the shoes and accessories retailer reported fiscal third-quarter profit and same-store sales that rose above expectations and raised its full-year outlook, although net sales showed a surprise decline. Net income for the quarter to Nov. 2 rose to $18.9 million, or $1.30 a share, from $14.4 million, or 73 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS grew to $1.33 from 97 cents, above the FactSet consensus of $1.08. Net sales fell to $537.3 million from $539.8 million, missing the FactSet consensus of $540.6 million, but same-store sales growth of 3% beat expectations of a 1.5% rise. Among its segments, same-store sales for its Journeys stores grew 4%, for Schuh rose 3% and Johnston & Murphy fell 6%. Chief Executive Robert Dennis said the fourth quarter has "started well, highlighted by solid results during the Black Friday through Cyber Monday period." As a result, the company raised its fiscal 2020 EPS guidance range to $4.10 to $4.40 from $3.80 to $4.20, while affirming its same-store sales growth outlook of 2% to 3%. The stock has lost 16.7% year to date through Thursday, while the SPDR S&P Retail ETF has gained 6.7% and the S&P 500 has climbed 24.4%.

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.



MarketWatchDec 06, 2019
General News: European stocks rise ahead of U.S. payrolls report
Cautious optimism about U.S. employment numbers released later today prevailed over news that fall of German industrial production in October was worse than expected.
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