Stocks are surging this morning after unemployment fell and payrolls surged.
AFP/Getty Images S&P 500 futures have gained 0.6%, while Dow Jones Industrial Average futures have risen 0.6%. Nasdaq Composite futures have advanced 0.5%.
The U.S. economy added 248,000 jobs in September, handily beating forecasts for 215,000, while the unemployment rate fell to 5.9%, the lowest since 2008.
Mylan (MYL) has gained 5.8% to $49.19 after the drug maker boosted its third-quarter earnings guidance to a between $1.12 and $1.16, up from a range of 90 cents to 95 cents.
Cliffs Natural Resources (CLF) has dropped 2.5% to $9.75 after the struggling iron miner was cut to Reduce from Buy at Nomura.
RadioShack (RSH) has surged 37% to $1.36 after refinancing its debt.
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Salix Pharmaceuticals (SLXP) has jumped 5.9% to $160 on reports it was in talk to sell itself to Actavis (ACT). It was also upgraded to Neutral from Underperform at Credit Suisse.
Abercrombie & Fitch (ANF) has gained 1.3% to $45.60 after it was upgraded to Equal Weight from Underweight at Barclays.
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