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Futures Are Ripping Higher

Myles UdlandJan 8, 2015, 18:21 IST

Stock futures are ripping higher on Thursday as stocks looks to extend their gains after snapping a losing streak on Wednesday.

Near 7:45 am ET, Dow futures were up 176 points, S&P 500 futures were up 19 points, and Nasdaq futures were up 42 points.

On Wednesday, all of the major averages gained more than 1% as stocks finished in the green for the first time this year, as the Minutes from the latest Federal Reserve meeting didn't contain any surprises.

Investors now turn their attention to Friday's big December jobs report, where the US economy will look to extend its 10-month streak of payroll gains better than 200,000.

Expectations are for payrolls to grow by 240,000.

Stocks in Europe were also surging on Thursday, with London's FTSE gaining 1.7%, the CAC in Paris adding more than 2%, and the DAX in Germany adding 1.8%.