The government's monthly report showed employers added 114,000 jobs in September, better than the 110,000 economists surveyed by CNNMoney had expected. And the unemployment rate dropped to 7.8%, falling below 8% for the first time since early 2009.
Later in the day, the Federal Reserve will release data on August consumer credit, which is expected to have expanded by $5 billion, according to a survey of analysts by Briefing.com.
Facebook ( shares shed more than 2% in premarket trading, a day after company declared ) 1 billion people use Facebook.
Oil for November delivery fell 68 cents to $91.03 a barrel.
Gold futures for December delivery dropped $3.30 to $1,793.20 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing up the yield to 1.68% from 1.66% from late Thursday.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.01%||4.04%|
|15 yr fixed||3.11%||3.18%|
|30 yr refi||4.00%||4.03%|
|15 yr refi||3.11%||3.16%|
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