U.S Stock Futures Cover Losses Due to Drop in Unemployment Levels (AET, JWN, GS)

U.S stock futures covered all their previous losses as the Standard & Poor’s 500 Index signaled a rebound.

This will be the first such recovery after its downfall which started in April. The S&P Index futures expiring in March climbed 0.8%. The main reason for this rebound was the unexpected and sudden increase in employment levels of the country.

U.S stocks had dropped amidst expectations of an increase in unemployment levels and hence drove down the S&P 500 Index to a three month low. Aetna Inc (NYSE: AET) fell 2.8% to $24.82. Nordstrom Inc (NYSE: JWN) also fell 1.6% to $34.54. Due to this drop Goldman Sachs Inc (NYSE: GS) dropped its stock rating from buy to neutral.