A "Goldilocks" jobs report is putting investors in a good mood.
Stocks (^GSPC) jumping after the Labor Department reported the economy added 223,000 jobs last month, much better than March and pretty much in line with economists' estimates. Unemployment dropped to 5.4%, also as expected.
Yahoo Finance Senior Columnist Michael Santoli points out Wall Street usually likes it when there are no surprises.
"It's kind of lukewarm, certainly not too hot," he notes. "I think the markets are OK with that. But it doesn't give us too much of an indication of what to expect from Fed policy in the next two months."
On the downside, the government revised the March job creation figure lower. But Yahoo Finance Columnist Rick Newman isn't too worried about that.
"The first quarter is looking like a write off," he explains. "We could end up with a negative GDP growth when all the revisions are in."
McDonald's sales surprise
Here's a look at some of the stocks the Yahoo Finance team will be watching for you today.
McDonald's (MCD) shares are up this morning. The largest fast-food chain again reporting an 11th-straight monthly decline in sales, but it wasn't as bad as analysts expected. McDonald's global sales falling 0.6% in April with U.S. sales sinking 2.3%. This has been a busy week for the Golden Arches. On Monday CEO Steve Easterbrook unveiled the company's turnaround plan to help revive sales and profitability.
Syngenta's (SYT) U.S. listed ADRs are soaring after the Swiss agrochemical giant rejected a $45 billion takeover offer from U.S. rival Mosanto (MON). Syngenta said the bid undervalues the company and was not in the best interest of its shareholders. Shares of Monsanto are slightly higher on the news in early trading.
Nokia's (NOK) U.S listed shares are higher on news Uber reportedly made a bid worth as much as $3 billion to buy Nokia's mapping business here. However, Uber is not alone...other potential suitors include, German carmakers BMW, Audi and Mercedes-Benz and even Chinese search engine Baidu (BIDU).
Related: Bojangles sizzles on market debut
Bojangles (BOJA) the chicken-and-biscuits restaurant chain is making its market debut on the Nasdaq today. The company priced its shares at the high end of its range at $19 a piece raising $147 million dollars.
Fitbit going public
Fitbit, the fitness tracking device maker, is going public. The company has filed for an initial public offering and is looking to raise up to $100 million. In the filing, Fitbit revealed explosive growth, with sales that have more than doubled each year since 2012.