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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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Best Buy's "12 Days of Deals" features new doorbusters from Dec. 9-20 with the season's guaranteed lowest prices on Apple, Microsoft, Google and more.
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