Stocks are quickly heading higher following a lackluster jobs report and slightly better-than-expected construction spending and east-coast manufacturing data this morning.
The U.S. economy only added 148,000 nonfarm payrolls in September, below the consensus Wall Street forecast for 180,000.
Construction spending rose 0.6% in August (0.4% expected), while the Richmond Fed Manufacturing Index unexpectedly rose to 1 (0 expected).
The S&P 500 is trading at a new all-time high 1759, up 0.8% from yesterday's close.
The chart below shows the move in S&P 500 futures today.
More From Business Insider
- 2 Collapsing Stocks Have Whacked 100 Points Off The Dow
- Markets Are Down After Last-Minute Deal
- STOCKS ARE RIPPING — Dow Up 200
- Stocks & Offerings