The stock market loves the jobs report

NEW YORK (CNNMoney)

Here's some things to keep in mind throughout the trading day:

1. Jobs! Lots of 'em: This month's jobs numbers came in, and things are looking good. The Bureau of Labor Statistics said the economy created 217,000 jobs in May, more than the 200,000 expected by economists polled by CNNMoney.

That's not as much as the 282,000 jobs created in April, but it's enough to get America back to where the labor market was before the recession. The unemployment rate also held steady for May at 6.3%. Now, the economy needs to create enough jobs for the additional folks who have joined the labor force since then.

Related: Has your stock portfolio recovered since the financial crisis?

2. A good week for stocks: The major indices tilted higher Friday, maintaining the momentum gained after the European Central Bank unleashed negative interest rates to fuel growth.

This week has been a strong one overall for the markets. All three of the major indexes have gained 1% or more.

3. Apple slices: Friday marks the last trading day before Apple's 7-for-1 stock split goes into effect. The stock is trading around $648 today. It will be under $100 when it opens on Monday. The move doesn't change anything about the company, except making it easier for regular folk to buy the stock. So far today, shares are flat.

Related: Do you own Apple stock? Do you plan to buy it after the split?

4. Stocks to watch -- Bank of America, Amazon, Netflix: Bank of America (BAC) may have a rocky day, though it started trading a hair higher. The government said that the bank was negotiating a deal with the Justice Department that could lead to a $12 billion settlement related to the bank's mortgage banking practices.

Amazon (AMZN, Tech30), which is in the midst of a broil of book publication right with Hachette, is up 2% this morning. Netflix (NFLX, Tech30), which premiers the second season of its hit show "Orange is the New Black" today is up about 1%.

5. International markets: European markets jumped in afternoon trading, led by a 1.5% rise in Spain, as the ECB's stimulus package continued to bolster appetite for riskier assets. London's FTSE 100 climbed about 0.5%. The euro slipped slightly against the dollar.

Asian stocks were mixed. Chinese and Japanese stocks were modestly lower, but India's Sensex is still enjoying its Modimoon, up 1.5%

First Published: June 6, 2014: 9:54 AM ET

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