A.M. Update -Very Weak Jobs Report

Index futures are up between +0.4 and +0.5% with Russell 2000 +0.75%. Nonfarm payrolls missed big with only 12,000 jobs added in October (consensus 120,000) following a revised increase of 223,000 in September (from 254,000). The 2 prior months were revised down by 112,000 cumulatively. That makes 7 of the last 9 months of reports revised…