US futures rise on October jobs report

AP News
Posted: Nov 02, 2012 8:53 AM
US futures rise on October jobs report

NEW YORK (AP) — Stock futures rose Friday on a stronger-than expected jobs report, the final glimpse at the nation's employment landscape before the presidential election.

The economy outweighs just about every other issue but with only a four days until the election, few expect the latest employment numbers to sway many voters.

Dow Jones industrial futures rose 43 points to 13,208. The broader S&P futures added 6.1 points to 1,429.30. Nasdaq futures rose 3.8 points to 2,688.50.

U.S. employers added 171,000 jobs in October and the government revised its figures for the past two months, showing that hiring was stronger than previously reported. The unemployment rate inched up to 7.9 percent from 7.8 percent last month because the work force grew.

Global markets also rose, from Europe to Asia.

Chevron posted third-quarter results before the markets opened and said its profits slid on lower production.