U.S. Markets Open Cautiously Higher on Blow-out Jobs Report




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Summary: Stocks were cautiously higher at Friday's Opening Bell after the November jobs report blew away estimates. The U.S. economy added 321,000 jobs, that's almost 100,000 more than expected. The unemployment rate is unchanged at 5.8%. The Labor Department also revised up job gains for September and October. But wage growth remained modest. Hourly earnings rose just about 2% in the past year. When it comes to its employee benefits, RadioShack (RSH) is looking to cut back. Bloomberg is reporting the struggling electronics retailer will stop matching contributions to its employee 401K plan. RadioShack is also reportedly looking into its health benefits program. Gap (GPS) is a stock to watch in today's trading. The stock is starting the day sharply higher after revealing its November same-store sales rose a better-than-expected 6%. Its lower-line Old Navy chain contributed most to the gains, surging 18% in sales last month.