A.M. Update

S&P futures are up +1.3% with NASDAQ-100 futures leading (+1.55%). Nonfarm payrolls increased by 261,000 above (consensus 220,000) following the upwardly revised 315,000 increase in September (from 263,000). Nonfarm private payrolls increased by 233,000 in October (consensus 288,000) following the upwardly revised 319,000 increase in September (from 288,000). Index futures knee jerked lower until they…