Stocks rally after upside surprise in jobs report

Stocks (^DJI^GSPC^IXIC) are rallying after the monthly jobs report from the BLS delivered a better-than-expected payrolls addition of 222,000. The tech (XLK) and consumer discretionary (XLY) are leading the way up, with energy (XLE) the only sector in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Dan Roberts is joined by Yahoo Finance editor-in-chief Andy Serwer, Yahoo Finance’s Myles Udland and Yahoo Finance tech critic David Pogue.

Today on Midday Movers we discuss:

  • What the big monthly jobs numbers mean for stocks and the Federal Reserve
  • Effects of the global bond selloff
  • Wearable fitness trackers on the ropes—Jawbone liquidates
  • Qualcomm suing Apple
  • Why Iconic American brands like Hamburger Helper are struggling