Stock Markets Latest News: Futures up After Strong Jobs Data, Before Earnings

Wochit 1:18 mins

Stock index futures rose , putting the S&P 500 on track for its third straight advance after a stronger-than-expected payrolls report and before the start of quarterly earnings reports. NEW YORK (AP) ? The U.S. stock market is closing higher after a bumpy start, with investors encouraged by a big uptick in hiring. After jumping early, stock gains tapered off. All the major indexes dipped briefly into the red, but by late afternoon, they were marching steadily higher. The Dow Jones industrial average finished up 147 points, or nearly one percent, to 15,135. The Standard & Poor's 500 rose 16 points, or one percent, to 1,631. The Nasdaq composite was up 35 points, or one percent, to 3,479. Rising bond yields claimed some victims in the stock market today. Utilities, for example, which in an era of low bond yields have proved popular for their dividend income, are weaker. But the sharp jump in bond yields has not been enough to throw stock markets off a stride quickened by the better-than-expected US jobs report.

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