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U.S. Stock Futures, Commodities Rally, Treasuries Drop on Jobs

U.S. stock-index futures and commodities rallied, erasing earlier losses, while Treasuries and the dollar tumbled after larger-than-forecast growth in jobs tempered concern that the economy was slowing.

Futures on the Standard & Poor’s 500 Index expiring in December climbed 1.1 percent to 1,170 at 8:36 a.m. in New York, after losing as much as 0.4 percent earlier. The S&P GSCI Index of 24 commodities rose 0.5 percent, extending its three-day advance to 5.8 percent. Ten-year Treasury note yields climbed nine basis points to 2.08 percent and the Dollar Index slipped 0.4 percent. European equities reversed earlier declines.