Stock Markets Latest News: Stocks Rise as Investors Parse Jobs Report

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Stock Markets Latest News: Stocks Rise as Investors Parse Jobs Report

by Wochit 0:59 mins

Stock Markets Latest News: Stocks Rise as Investors Parse Jobs Report

by Wochit 0:59 mins

Investors didn't know what to make of the jobs report: They were cheered by a big uptick in hiring but worried that the good news will spur the Federal Reserve to scale back its economic stimulus. Stock index futures jumped as investors looked ahead to the monthly payrolls report, which is expected to show solid jobs growth while not being strong enough to influence Federal Reserve policy. The central bank's bond-buying stimulus program has been widely credited with both the steep stock market gains thus far in 2013, as well as recent volatility as market participants question the timeline for the program ending. The Portuguese prime minister Pedro Passos Coelho is working to rebuild the country's coalition government, but rating agency Standard & Poor's is sharpening its knife.

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