Futures contracts win after posting positive results

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Futures contracts increased following the release of the US Bureau of Labor Statistics April Jobs Report, which indicated the continued strength of the US labor market.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Future for the S & P 500 (ES = F) increased by 0.45%, or 13.75 points, to 9:01 am EST. Dow futures (YM = F) was up 0.48%, or 126 points, while the Nasdaq (NQ = F) increased by 0.72%, or by 55.75 points. "data-reactid =" 16 "> The S & P 500 futures (ES = F) rose 0.45%, or 13.75 points, as of 9:01 am (ET). on Dow (YM = F) rose 0.48%, or 126 points, while Nasdaq futures (NQ = F) rose 0.72%, or 55.75 points.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The economy added 263,000 non-farm payrolls for the month, the Bureau of Labor Statistics & nbsp;reported on Friday.& nbsp; This figure exceeded expectations for 190,000 new positions, according to consensus estimates by Bloomberg. March payroll increases were revised down from 196,000 to 189,000, or 189,000. "Data-reactid =" 17 "> The economy added 263,000 non-farm payroll jobs month, the Bureau of Labor Statistics announced Friday, surpassing the expectations of 190,000 new positions, according to consensus estimates by Bloomberg, increases in March's payroll were revised downward from 196,000 to 189,000.

The unemployment rate fell to 3.6% for the month, a minimum of 49 years. Consensus economists had predicted that unemployment would remain at 3.8% in March.

At the same time, the activity rate of the labor force declined slightly from the previous month, reaching 62.8%, but remained unchanged from the previous year. The broad gauge of under-6 unemployment – which includes those who are underemployed and those who stopped looking for work – remained at 7.3%, the same level as in February and February. March.

Average hourly earnings increased 0.2% from one month to the next and 3.2% from one year to the next, the same pace as in the US. in March. Consensus economists had forecast hourly wages to rise 0.3% on a monthly basis and 3.3% on an annual basis.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The US dollar index (DX-Y.NYB), Treasury yields on the curve – which move in the opposite direction of prices – were mixed following the report. "data-reactid =" 21 "> The US dollar index (DX-Y.NYB) has surpassed 98 and the Treasury yields on the curve – which evolve at the opposite of prices – have been mixed as a result of report.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The latest job report comes after the American economy showed last week to have grown up in & nbsp;much better than expected& nbsp; Rate of 3.2% in the first quarter, thus dispelling the concerns caused by a slowdown in domestic activity that dominated the feelings during the first few months of the year. But despite inflationary signals consistently below targets, the economy still shows little sign of "overheating," said Fed Chairman Jerome Powell & nbsp;said at a press conference Wednesday."Data-reactid =" 22 "> The latest jobs report comes after last week, it was shown that the growth of the US economy had been well above expectations, at 3.2% in the first quarter, which has eased concerns over the domestic slowdown that has dominated However, despite inflationary signals still below targets, the economy still shows little evidence of "overheating", said the Federal Reserve Chairman Jerome Powell at a press conference on Wednesday.

Annual General Meeting of Shareholders of Berkshire Hathaway 2019

For the stock market, the many corporate earnings statistics over the past few weeks have provided a strong dose of stimulation, with many results far more convincing than expected.

On Friday morning, companies accounting for more than 80% of the S & P 500's market capitalization had released their first-quarter earnings, with earnings up 6.8% and nearly three-quarters exceeding their expectations, according to an analysis by Jonathan Golub of Credit Suisse. This compares with 5.4% and 71% over the last three years.

Higher-than-expected earnings have contributed to the market's more than 16% rise since the beginning of the year, with investors expecting a year-on-year decline of 3.9%. another for the S & P 500 companies entering the first season of the quarter, according to FactSet data. Starting Friday, consensus expectations predict a 0.2 percent year-over-year decline in profits, Golub said.

While the results of domestic companies were relatively quiet Friday, several companies continued their gains after the solid results released Thursday.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Notably, Under Armor (UAA) surprised investors Thursday morning with a sharp beating on earnings and net income and a rise in full-year earnings prospects, as the company's turnaround plan resulted in better margins and sales growth in the first quarter. 'international. Weight Watchers (WW) recovered from a & nbsp;start of the year overwhelming with a smaller loss than expected and an increase in the number of subscribers in the first quarter. And the Shake Shack burger chain (SHAK) posted comparable store sales growth far exceeding analysts' expectations, leading to higher trading. "data-reactid =" 40 "> Notably, Under Armor (UAA) surprised investors Thursday morning Weight Watchers (WW) recovered after a crushing start to the year with a less significant loss than expected and an increase in the number In the first quarter, the Shake Shack (SHAK) hamburger chain posted comparable store sales growth comparable to that surpassed by analysts' expectations, which led to a sharp rise in equities. trade.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 42 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 43 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

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