October jobs report, Amazon and Apple, Boeing deal

It's the first Friday of the month, so you know what that means — Jobs Day. The US Bureau of Labor Statistics reported that 12,000 jobs were added to the US economy in October, well below economist forecasts of 100,000 nonfarm payrolls due. These labor figures and the data collection process have been heavily impacted by recent Hurricanes Milton and Helene, as well as ongoing labor strikes.

Takeaways

• US stock futures (ES=F, NQ=F, YM=F) are moving higher on the back of the October jobs report released this morning — 12,000 jobs were added to the US economy in the past month, the labor numbers heavily impacted by Hurricanes Helene and Milton. Economists originally projected an addition of 100,000 nonfarm payrolls.
• Tech giants Amazon (AMZN), Apple (AAPL), and Intel (INTC) all released their earnings results after Thursday's market close.
• Aircraft manufacturer Boeing (BA) has reportedly reached a tentative labor deal with striking workers. The labor union is set to vote on the proposal this Monday, November 4.

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