US STOCKS SNAPSHOT-Futures turn positive after payrolls data

NEW YORK Fri Dec 7, 2012 1:35pm GMT

NEW YORK Dec 7 (Reuters) - U.S. stock index futures recovered from earlier losses to advance on Friday after data showed U.S. non-farm payrolls came in above expectations at 146,000 and the unemployment rate dipped to 7.7 percent.

S&P 500 futures rose 7.7 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 67 points and Nasdaq 100 futures gained 14.25 points.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.