After moving sharply higher early in the session, stocks continue to turn in a strong performance in mid-day trading on Friday. The markets are benefiting from a positive reaction to a better than expected monthly jobs report. The major averages are currently posting strong gains, near their highs for the session.
Snapping their three-session losing streak, Canadian stocks were moving higher Friday morning amid upbeat jobs data from both sides of the border. While the Canadian economy created 22,000 jobs, with unemployment steady at 6.9 percent, data from the US revealed stronger than expected jobs growth in November.
With traders reacting positively to better than expected jobs data, stocks moved sharply higher at the start of trading on Friday. The major averages showed strong moves back to the upside after trending lower over the past few sessions. The major averages have recently pulled back off their highs for the young session but remain firmly positive.