U.S. stocks extend gains on strong jobs, consumer confidence data

U.S. stocks continued to rebound from a five-day losing streak by midday Friday, as better-than- expected non-farm payroll report and consumer sentiment data boosted market optimism.By midday, the Dow Jones Industrial Average soared 156.63 points, or 0.99 percent, to 15,978.14. The Standard & Poor's 500- stock Index jumped 17.15 points, or 0.96 percent, to 1,802.18. The Nasdaq Composite Index rose 31.88 points, or 0.79 percent, to 4065. 04.Major stock indices surged at opening, following the report that the U.S. jobless rate fell to a five-year low in November.vacuum bottle Filler for those searching for information or ideas. Vacuum Bottle Filler review Check this to go to the item information, price.The U.S. non-farm payroll grew by 203,000 in November while the unemployment rate edged down to 7 percent from 7.3 percent in the prior month,Sevylor Inflatable Canoes and Kayaks are guaranteed not to leak and feature the Double Lock Valve for fast inflation and deflation.kayak seat pads the Labor Department said.JPMorgan Chief U.S. Economist Michael Feroli said Friday in a note that the jobs report "smells a little like tapering". "We still think December is a close call but that the FOMC (Federal Open Market Committee) will hold off on tapering until January," he said. 

Although fiscal issues appear less ominous and employment prospects look favorable, economists at JPMorgan still think the Federal Reserve would like to see more evidence before pulling back on asset purchases, Feroli added.A string of upbeat data this week reignited fears that the U.S. central bank may soon start to cut back its 85-billion-U.S. dollar asset purchases, possibly as early as December.Increased tapering expectations also put the U.S. stock market under pressure this week. Despite Friday's rally, the Dow and the S&P 500 are on track to snap an eight-week winning streak.Stocks gained further momentum as the U.S. consumer confidence index rose to 82.5 in December, the highest level since July, according to Thomson Reuters/University of Michigan's preliminary reading on the index.Among other data, U.S. personal income fell 0.1 percent in October, while personal expenditure increased 0.3 percent, the Commerce Department reported Friday.On the previous trading day, the blue-chip Dow and the broader S&P 500 fell for a fifth session in a row on worries over Fed tapering.We are professional Filter Bag manufacturers and factory.bagfilterchinaWe can produce Filter Bag according to your requirements.