Stock Market Today: Stocks Soar After Weak October Jobs Report

Mega-cap stock Apple fell after earnings, but softer-than-anticipated jobs data gave bulls the upper hand Friday.

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(Image credit: Getty Images)

Friday's price action put a cap on what has been a stellar week for stocks. The main indexes scored solid gains today as bad-news-is-good-news jobs data more than offset a negative reaction to Apple's (AAPL) earnings report. 

Starting with the monthly payrolls report. The Bureau of Labor Statistics this morning said the U.S. added 150,000 new jobs in October, well below the 170,000 expected by economists. Employment figures for both August and September were revised lower, while the unemployment rate ticked higher to 3.9%. The data also showed that wage growth – a key measure of inflation – slowed in October, to 4.1% annually vs September's 4.3% increase.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.