NEW YORK (AP) — Stock futures rose Tuesday after the government reported that the unemployment rate dropped close to a five-year low in September as employers added 148,000 jobs.
Dow Jones industrial futures rose 39 points to 15,361. S&P futures gained 5.7 points to 1,743.90. Nasdaq futures rose 13.25 points to 3,367.25.
The monthly earnings figures were delayed by 2 ½ weeks due to the partial government shutdown and some economists believe that because of the disruption, the latest report may the last clean look at the nation's employment landscape this year.
That's because the next month's numbers may be skewed lower from indirect job losses in the private sector tied to the shutdown. The month after that could see a spike in jobs added as those workers come off unemployment rolls.
However, even Tuesday's figures may have been affected if employers held back on hiring as the government shutdown became inevitable.
Economists had projected 180,000 new jobs, meaning the September job gains were more than 30,000 short.
It appears that most investors were ahead of economists in lowering their own expectations, as futures rose after the report.
U.S. corporations also extended a winning streak Tuesday, bolstering confidence in a U.S. rebound.
Delta topped Wall Street expectations for the third quarter, putting up a $1.37 billion profit.
The chemical maker DuPont also beat expectations and Harley-Davidson reported a 21 percent jump in quarterly profits.
Shares of Netflix appear to be heading for a new all-time high after the company said late Monday that it had added 1.3 million U.S. subscribers during its most recent quarter.
Another delayed economic report from the government, on U.S. construction projects, is due at 10 a.m. Eastern time.
Economists are predicting that construction spending increased 0.4 percent in August compared with July, according to a survey by FactSet.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Buffalo Police have arrested 26-year-old Nicholas Finnegan, of South Buffalo, in connection to the November death of Russ Ross.
Police say there were 32 burglaries, 20 in Albion, five in Medina, four in Oakfield and three in the City of Lockport.
A seven-year-old Buffalo girl got dropped off more than three miles away from the bus stop where her mother was waiting for her on Wednesday.
Police, FBI agents and a bomb squad all showed up on a quiet residential street in North Buffalo overnight.
Berry admitted filing 122 false federal income tax returns for people who had died. He must pay restitution for the stolen money.
The conversation over educational reforms is coming to Buffalo. The public can register for the event, that has limited seating, online.